Fuel prices in Pakistan revised upwards for the fortnight
Diesel price increased by PKR 2.61per liter, petrol by PKR 3.47
Pakistan has raised prices of petroleum products by up to PKR 3.47 per liter for the next fortnight following a sharp increase in global crude oil prices.
The petrol price increased PKR 3.47 per liter while diesel price went up by PKR 2.61 per liter. This is because ex-refinery price of petrol has shot up by PKR 4.70 per liter while diesel is up by PKR 7.20 per liter, respectively.
The revised price of petrol is PKR 256.13 per liter while new price of diesel is PKR 260.95 per liter.
Crude oil prices have been rising in recent weeks. They climbed about 2% to a four-month high on expectations that wider U.S. sanctions on Russian oil would force buyers in India and China to seek other suppliers.
In its last review on Dec 31, the government raised the prices of diesel by PKR 2.96 to PKR 258.34 while petrol price saw an increase of PKR 0.56 to PKR 252.06.
Prior to that, diesel prices saw a drop of PKR 3.05 while petrol prices remained unchanged.
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