Petrol value in Pakistan more likely to hit all-time excessive « CmaTrends

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The sources stated that the federal government is predicted to hike costs of petroleum merchandise by 6 PKR per litre from January 16, The News International reported.

The authorities are more likely to enhance the costs of petrol by 5 PKR and diesel by 6 PKR per litre, the sources added.

A closing resolution, nonetheless, can be introduced by the ministry of finance after consultations with the Prime Minister.

On December 30, 2021, the federal government had introduced yet one more hike within the costs of petroleum merchandise.

According to a notification issued by the Finance Division, the worth of petrol and high-speed diesel (HSD) had been elevated by 4 PKR per litre for the primary 15 days of January 2022.

The enhance had been introduced to satisfy the petroleum levy goal agreed with the International Monetary Fund (IMF).

As per the notification, the worth of kerosene had been elevated by 3.95 PKR, and light-weight diesel oil (LDO) by 4.15 PKR per litre.

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