The federal government has decided to increase the prices of petroleum products

The federal government has decided to increase the prices of petroleum products:-

It is recommended to increase the price of petrol by Rs 25.58 per liter. The new oil prices are likely to be implemented from 12 noon tonight. Sources

ISLAMABAD: The federal government has decided to increase the prices of petroleum products. It has been recommended to increase the prices of petroleum products by Rs 25.58 per liter. The new prices of petroleum products are likely to be implemented from 12 noon tonight. According to media reports, OGRA has sent a summary of increase in prices of petroleum products to the Ministry of Petroleum. In the summary, it has been recommended to increase the price of petroleum by Rs 25.58 per liter.

Similarly, the summary recommended an increase in the price of high speed diesel by Rs 21.31 per liter, kerosene by Rs 23.50 per liter and light diesel by Rs 17.84 per liter. Sources said that the new prices of petroleum products are likely to be implemented from 12 noon tonight.

On the other hand, it has been reported that crude oil prices have increased by 100% in the global market.

Crude oil, which was available at 20 20 a barrel two months ago, has risen to ڈالر 41.18 a barrel. That is, the price has more than doubled. The increase in the prices of petroleum products in the world market will have a direct impact on the people. A sharp rise in the prices of petroleum products will lead to another flood of inflation. Which will have a direct impact on the working, middle and salaried classes.

Sources said that the government has announced to fix petroleum levy at Rs 30 per liter in the budget. Similarly 17% sales tax and rate margin will be collected in addition. It should be noted that with the increase in the prices of petroleum products by the government, the oil marketing companies will now earn crores of rupees after creating an artificial shortage of petrol.