KARACHI: An increase of Rs10-14 per litre is likely to be announced by the government in the price of petrol from April 16.
The government could increase the price of petroleum products while attributing it to rising oil prices in global markets. The increase can jump to Rs14 per litre if the government also adjusts the exchange rate losses, unlike the previous review when the authorities didn’t pass on the impact of rupee devaluation to the masses.
According to the working of the country’s oil sector, the ex-depot price of petrol has clocked in at Rs14.77 per litre for the next review of the prices with the exchange rate loss adjustment.
The current ex-depot price of petrol is Rs272 per litre and it may go up to Rs286.77 per litre, if the government decides to pass on the impact of global oil prices and exchange rate losses.
