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Petrol Prices Likely to Raise Rs 10-15 Per Litre from April 16

Karachi: Petrol prices may rise 10-15 rupees/Liter in late April 2023.

According to government sources, when it comes to the second fortnight of this thirty days, the ex-depot prices of petrol is predicted to increase by Rs14.77 per litre, Kerosene oil by Rs8.96 per litre and Light Diesel Oil (LDO) by Rs3.36 per litre.

Nevertheless, the cost of the diesel that is high-speedHSD) can be raised by only Rs. 0.30.

The currently expected price hike of petroleum items is related to oil this is certainly increasing in global areas and petroleum levies including general product sales income tax (GST), the sources added.

So, in the event that modification price has been approved, the purchase price of petrol will increase to Rs286.77 per litre from the rs272 that is current litre.

The diesel price shall achieve Rs293.30 per litre, and kerosene oil Rs189.25 per litre. Whereas, the price tag on Light Diesel Oil (LDO) will increase to Rs286.93 per litre.

Petrol is recognized as an alternative to compressed fuel that is natural (CNG) and as a result of fuel shortage, CNG is certainly not available in the market. Because of the closure of CNG channels, the interest in petrol is on the rise.

Punjab is using liquefied fuel that is natural (LNG) when it comes to past few years in CNG completing channels because of gasoline scarcity.

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