Pakistan, inching towards bankruptcy, govt increase petrol price

Pakistan which is inching towards bankruptcy may increase fuel prices in the country. The Shehbaz Sharif government is likely to further increase petrol prices.

The new prices may be effective from February 16. According to reports, the government may increase petrol cost by as much as 12.5 per cent.

“The ex-depot litre price of petrol is calculated to go up by at least PKR 32.07, High Speed Diesel (HSD) may see an increase of PKR 32.84 per litre, kerosene oil by PKR 28.05 per litre and Light Diesel Oil (LDO) by at least PKR 9.90 per litre from February 16,” sources said.