Petrol likely to become more expensive, new price may go up to Rs 275 per liter

Another bad news is likely to come for the people worried about inflation, as a proposal to increase the prices of petroleum products is under consideration for the next fortnight.

According to media reports, the price of petrol is expected to increase by about Rs 5 per liter, after which the new price may reach close to Rs 275 per liter.

According to sources associated with the energy sector, the recent increase in the prices of crude oil and petrol products in the global market has also increased the pressure on the local market.

According to the report, the free-on-board (FOB) price of petrol has increased from $ 139.03 to $ 143.01 per barrel, which is having a direct impact on local prices.

Sources say that although there was a slight decrease in premium and some import costs, the overall increase was so high that it was not possible to keep prices stable.

In addition, the end of the previous adjustment of Pakistan State Oil has also increased the pressure for price increases.On the other hand, a relatively modest increase is expected in the price of high-speed diesel.

According to initial estimates, diesel may become only 20 paisa per liter more expensive, as the reduction in some taxes and customs expenses has partially reduced the impact of global prices.

Economists say that if crude oil prices remain high in the global market, the public may face further financial pressure in the coming months, especially its impact on transport and food prices may be significant.