Summary Hike is expected on Aug 1 after an increase price in international market and rate of US dollar.
ISLAMABAD (Dunya News) A hike in the price of petroleum products is expected on August 1 after an increase in the international market and the rate of the US dollar.
According to media reports, the per-litre price of petrol is expected to increase by Rs2.80 while diesel will increase by Rs3.50.
Kersone oil is expected to increase by up to Rs4 while high-speed diesel will be raised up Rs3.75. The per-litre price of high-octane will increase by Rs5.50.
Meanwhile, prior to the price hike transporters have already increased their fares.
In must be recalled that he government increased the prices of petroleum products and Compressed Natural Gas (CNG) on July 1.
The price of petrol was raised by Rs2.66 per litre, high speed diesel by Rs3.66 per litre, light speed diesel by Rs3.04 per litre; kerosene by Rs2.50 per litre and high octane by Rs2.36 per litre.
