Lahore:
According to media reports, sources from all marketing companies have expressed fears of further increase in the prices of petroleum products from November 1. It has been reported that due to the depreciation of the rupee and the rise in crude oil prices in the global market, petrol is expected to go up by Rs 7 and diesel by Rs 9.
Fluctuations in oil prices over the next five days and the situation in the Pakistani currency market will make it clear how much the prices of petroleum products are rising. Leading economist Dr. Ashfaq Hassan, while talking on private TV channel Samaa News’ 8 pm program “Nadeem Malik Live” a few days ago, revealed that the IMF demanded that before coming to Washington for talks, the dollar should be Rs. 172. Do it
According to Dr. Ashfaq Hassan, the IMF has also demanded an increase in electricity and gas prices, while be prepared for further shocks as the IMF has also demanded a levy of Rs 30 per liter on petrol and a 17 per cent sales tax. The price of petrol will go up to Rs 200. It may be recalled that the government had on October 16 increased the prices of petroleum products by Rs 9 to Rs 12.
According to the notification issued by the Ministry of Finance, the prices were increased from Rs 9 to Rs 12. According to the order, the price of petrol was increased by Rs 10.49 per liter. After the notification of the Finance Ministry, the new price of petrol has been increased to Rs 137.79 while the price of high speed diesel has been increased by Rs 12.44. The new price of high speed diesel was fixed at Rs 134.48, while the price of kerosene was increased by Rs 10.95 to Rs 110.26. The Ministry of Finance has increased the price of light diesel by Rs. 8, 84 paise, bringing the new price of light diesel to Rs. 108, 35 paise.
