Prices of petroleum products likely to go up
July 14, 2021 09:35 PM
The prices of petroleum products are likely to up as the petroleum division has received a summary for price hike up to Rs11 per litter, reported 24News HD TV channel on Wednesday.
The summary suggested an increase of Rs2.40 in the price of high-speed diesel and Rs11.5 in the price of petrol. It suggested the hike in the prices of Rs1.5 and Rs1.4 in the prices of Kerosene Oil 1.5 and Light Diesel respectively.
According to the sources, the suggestions of price hike in petroleum prices have been prepared as per the current petroleum levy. Petroleum division sources said that the prices of petroleum products could change because of the change in petroleum levy.
However, the final decision regarding the price hike will be made after consultation with the prime minister. The notification regarding the prices will be issued by the federal finance minister.
Reporter: Awais Kiyani