Tuesday, March 5, 2024

Government planning to raise the price of petrol by Rs. 11, according to a source

According to sources, Pakistan’s government is planning to raise petrol prices by Rs. 11 on November 15th. The price of petrol in Pakistan has already increased by Rs 8.03 per litre, a day after Prime Minister Imran Khan warned the country that gasoline costs would have to rise.

The ministry stated that on November 1, 2021, the Prime Minister did not agree with the proposals prepared by OGRA and the Finance Division and directed that the rates be maintained as notified on October 16, 2021.

POL price fluctuations in the country are influenced by tax changes, international oil price fluctuations, and the rupee/dollar exchange rate.

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