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Petrol selling at Rs 250 per litre, diesel at Rs 262 in Pakistan after latest price hike, Auto News, ET Auto

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 Ishaq Dar said that the Pakistrupee witnessed devaluation last week and they are witnessing an 11 per cent rise in the price of petroleum products in the international market.
Ishaq Dar mentioned that the Pakistrupee witnessed devaluation final week and they’re witnessing an 11 per cent rise within the value of petroleum merchandise within the worldwide market.

Pakistan authorities has introduced a rise in petrol and diesel costs by Pakistan rupees (PKR) 35 per litre. Pakistan Finance Minister Ishaq Dar made the announcement relating to the rise in gas costs and it has come into impact from 11 am on January 29, Daybreak reported.

Ishaq Dar made the announcement in a televised handle on Sunday. He mentioned that the worth of kerosene oil and lightweight diesel oil have been elevated by PKR 18 per litre. Pakistan Finance Ministry in a tweet mentioned that the brand new value of petrol is PKR 249.80 per litre and diesel is PKR 262.80 per litre.

“We’ve got determined to extend the worth of petrol and diesel by Rs 35. The value of kerosene oil and lightweight diesel oil has been elevated by Rs18,” Dar mentioned, including that the brand new costs would come into impact at 11 am in the present day.

Pakistan Finance Ministry tweeted, “Govt introduced new costs of Petroleum Products with impact from 11.00 hrs, 29 Jan, 2023. Excessive Velocity Diesel-Rs 262.80 per litre MS Petrol –Rs 249.80 per litre Kerosene Oil -Rs 189.83 per litre Gentle Diesel Oil – Rs 187 per litre.”

Pakistan Finance Minister Ishaq Dar pressured that the federal government has determined to extend the minimal value of those 4 merchandise in keeping with the instruction given by Pakistan Prime Minister Shehbaz Sharif, in keeping with Daybreak.

Ishaq Dar mentioned that the Pakistrupee witnessed devaluation final week and they’re witnessing an 11 per cent rise within the value of petroleum merchandise within the worldwide market. He mentioned that the worth of petrol was not elevated since October.

“The Pakistani rupee noticed devaluation final week […] and now we’re seeing an 11 per cent enhance within the costs of petroleum merchandise within the worldwide market,” Daybreak quoted Ishaq Dar as saying.

“Regardless of worldwide costs and rupee devaluation, on instructions of Prime Minister Shehbaz Sharif, we have now determined to extend the minimal value of those 4 merchandise,” he added.

Ishaq Dar expressed hope that the announcement of latest costs will dispel rumours concerning the scarcity of petrol provides, as per the information report. He mentioned that there have been speculations on social media that the worth of petrol and diesel might be elevated by Rs 50. In line with Daybreak, Ishaq Dar mentioned, “Due to this, we have now obtained reviews of synthetic shortages available in the market.”

Forward of Dar’s announcement, rumours of an enormous enhance in petrol costs led to lengthy queues at petrol pumps in lots of elements of Pakistan. Experiences posted on social media had mentioned that the worth of petrol and diesel have been anticipated to extend between Rs 45 to Rs 80 on February 1.

“We noticed a report on social media that oil costs will go up as a result of surge within the greenback’s worth and worldwide petroleum charges,” Daybreak quoted Hassan, who queued at a petroleum pump.

Petrol was out there at solely 20 per cent of the petrol pumps in Gujranwala. The shortages of gas have been reported in Rahim Yar Khan, Bahawalpur, Sialkot and Faisalabad areas of Pakistan, Daybreak cited Geo Information report.

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Supply: auto.economictimes.indiatimes.com

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