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Petroleum Product Prices Likely to Increase in February

There is a possibility of increase petroleum prices in February 1.

If the price of petroleum products is increased by the government, it will be the first increase in the prices of petrol and diesel after November 1, 2023.

Preparations are being made to drop petrol bombs on the people before the elections, according to the sources, the price of petrol per liter is likely to increase by 7 rupees.

According to economists, this situation is unique, the reason for the increase in prices is the slight increase in oil prices in the world markets.

It should be remembered that as a result of the attacks on ships in the Red Sea by the Houthi rebels in the Middle East, an extraordinary increase in oil prices was observed at the global level.

Current prices of petroleum products in Pakistan

From January 15, the caretaker government has reduced the price of petrol by Rs 8 per litre, while the price of high-speed diesel has been announced to remain unchanged for the next fortnight.

After a significant reduction in the price of petrol, the current price is 259.34 paisa per liter while the price of high speed diesel is 276.21 paisa per litre.

Also read this: Government Reduction in prices of petroleum products

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