Oil prices in the global market are likely to rise further, which is why prices in Pakistan will either remain at current levels for the next 2 months, or be increased if current prices of gasoline products will be maintained in the month of November. Chances are, oil prices in the global market are likely to rise further, which is why in Pakistan, prices will either remain at current levels for the next 2 months, or increase. According to the details, petroleum division sources said that due to the trend of rising oil prices in the global market, the current prices of petroleum products in Pakistan can be maintained not only in October but also in the month of November.
Sources say the current trend in the global market is likely to increase oil prices over the next two months. Therefore, in Pakistan the current prices of petroleum products will be maintained either in the month of November or further increase may be made.
The federal government, on the other hand, decided not to change the prices of petroleum products in the month of October.
Earlier, OGRA had recommended a reduction of Rs 3, 23 paise in petroleum products from October 1. OGRA sent a summary of petroleum products to the Petroleum Division. According to the summary, the price of petrol was recommended to be reduced by Rs. 55 per liter. In the summary of Ogra, the price of light diesel oil was also suggested to be reduced by Rs.
While the price of kerosene is recommended to be reduced by Rs. 19 paise per liter, the price of diesel is Rs. The government, however, rejected the summary sent by Ogra two days ago to cut petroleum products prices. The Petroleum Ministry has announced that current prices of petroleum products will remain intact in the month of October. The global market is currently seeing a trend of rising oil prices. For this reason, the government has rejected the summary sent by Ogra to reduce the prices of petroleum products. Therefore, on October 1, there will be no change in the prices of petroleum products.
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