Petrol price likely to go up
Lahore: (Suno News) The petrol price is likely to increase next month due to the hike in the prices of petroleum products in the world market.
It is learnt that the authorities have proposed a Rs2.43 per litre increase in the petrol price.
However, the diesel price is likely to witness a decline next month. The authorities have proposed a Rs5.65 slash in the diesel price after a drop in the ex-refinery price of diesel.
Informed sources have said that crude oil is trading at $90 per barrel in the global market while crude oil was at $87.74 per barrel at the time of pricing on October 15 while the ex-refinery price of petrol has increased by Rs2.43 per litre.