ISLAMABAD: In view of the change in global prices and the federal government’s plan to increase the levy, the price of petrol is estimated to be around Rs 300 from April 16.
According to the media reports, the petrol prices will be increased by around Rs 8 per litre.
For the next two weeks, the price of petrol will reach Rs 298 per liter from the current Rs 289.40 per litre. Diesel prices are also expected to rise by around Rs 2 per liter to Rs 284.24 per liter from Rs 282 previously.
Expected Petrol Price in Pakistan after 16 April
POLs | Current Price | Expected Price |
Petrol | Rs289.40 | Rs298 |
Diesel | Rs282 | Rs284.24 |
Unofficial reports further claim that the Pakistani government is considering increasing the petroleum levy from Rs 60 to Rs 100 per litre, with the current levy already at a maximum of Rs 60 per litre.
This could lead to a record hike in petrol prices in Pakistan, and the government will announce new prices based on the final exchange rate on April 15.