Petrol Price May Cross Rs150 Mark For First Time in Pakistan: Sources

According to sources, petrol prices in Pakistan are expected to exceed Rs150 per liter for the first time in history due to soaring crude oil prices in the international market.

According to reliable sources, the international market price of petrol and diesel has risen by Rs6 and Rs5 per liter, respectively, since February 1.

If the government decides to pass on the burden of rising oil prices in the international market to consumers, petrol and diesel prices could rise by Rs13 and Rs18 per liter beginning February 16, according to the Daily Jang.

Currently, petrol costs Rs147.83 per liter, high-speed diesel (HSD) costs Rs144.62, and light diesel oil (LDO) costs Rs114.54 per liter in the country.

On February 10, Finance Minister Shaukat Tarin indicated that domestic petroleum prices would rise in the coming days, adding that the government could not artificially lower petroleum product prices.

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