Prices for petroleum products are set to rise by Rs 20 per litre nationwide as a result of market dynamics on the international level.
Petrol Diesel prices likely to increase: The specifics state that the increase in the global price of petroleum products is what caused the increase in crude oil prices from $86 to $91 per barrel. A separate premium fee of $2 per barrel has also been added to the price of crude oil.
The cost of gasoline and diesel per litre has already increased from $97 to $102, indicating an upward trend. If current prices continue, the price of gasoline might rise by up to Rs. 15 per litre while the price of diesel could rise by up to Rs. 20 per litre nationwide.
By significantly raising energy and gas prices, the Pakistan Democratic Movement (PDM) alliance has placed an unprecedented hardship on customers. Over Rs. 1.8 trillion in additional costs have been placed on consumers as a result of this decision.
The previous administration dramatically increased the cost of petroleum goods during its rule; the price of gasoline reached a high of Rs. 129.25 per litre, while the basic electricity tariff increased by up to Rs. 15.41 per unit. In a similar vein, petrol prices increased by up to 112%, reaching all-time highs.
Last year, power users were subject to a separate, supplementary surcharge of Rs. 3.39 per unit. More than 310 billion rupees worth of additional weight was placed on petrol customers.