Petrol prices in Pakistan could skyrocket soon. The Oil and Gas Regulatory Authority (OGRA) has suggested to the Imran Khan government to increase the price of petrol by Rs 16 per liter. At present, a liter of petrol in Pakistan costs 111.90 Pakistani rupees. If it goes up by Rs 16, the already troubled Pakistanis will have to face big difficulties.
ograe Imran has been suggested that the government increase the price of petroleum products globally. If we do not increase petrol prices, companies could suffer huge losses. It is now up to the Pakistani government to decide how much it wants to increase fuel prices.
Pressure on Pakistan government to raise prices
About 15 days ago, the Pakistani government claimed that it had slightly increased the price of petroleum products following the suggestion of the Oil and Gas Regulatory Authority. This time, there is more pressure on the Pakistani government to raise fuel prices. However, Pakistani officials told the media that the government was in favor of raising petrol prices by only Rs 3 crore from February 16.
The
government of Pakistan has decided to reduce the losses incurred by the petroleum companies by reducing the tax levied on them. At present, the government of Pakistan levies Rs 21.94 per liter on petrol and Rs 22.11 per liter on high speed diesel. The Pakistan government had said in its budget that it would not levy more than Rs 30 on petroleum products.
Even if prices go up, petrol will be cheaper than in India
. This price is 0.698 in US dollars. If you look at the Indian rupee, it is Rs 50.87. Happens. If you look at the price of diesel, it was 116.08 Pakistani rupees per liter that day. This is 0.724 in dollars. Thus, the value in Indian Rupees is Rs. 52.77.
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