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Summary
POL prices likely to up by 9-13 percent from 1st of February 2011, Dunya News reported on Sunday. The parliamentary committee on petroleum prices will meet tomorrow (Monday) to review the mechanism of increase in prices of POL products. POL prices likely to be increased by 9-13percent from 1st of February. According to new prices, the petrol, high octane, diesel, and furnace oil will be surged by Rs 8.87, Rs 10.68, Rs 8.98 and Rs 8.59 per litter respectively.The parliamentary committee on petroleum prices has met, and Federal Minister for Petroleum and Natural Resources Naveed Qamar has briefed the committee regarding the facts and figures of the increase in petroleum prices, stressing that the proposed 13percent increase in petroleum was inevitable.However the opposition parties have resisted the increase over the surfacing of another inflation tsunami, as masses could least sustain this blow.
