Petrol fees in all likelihood to hit all-time excessive in Pakistan

 Petrol fees in all likelihood to hit all-time excessive in Pakistan

Petrol fees in all likelihood to hit all-time excessive in Pakistan

For the primary time withinside the records of Pakistan, the in keeping with litre petrol rate is predicted to pass the Rs160 mark

Petrol fees in all likelihood to hit all-time excessive in Pakistan  Petrol fees in all likelihood to hit all-time excessive in Pakistan 933828 9289110 12 updates

ISLAMABAD: The fees of petroleum merchandise are anticipated to hit an all-time excessive in Pakistan because the authorities is in all likelihood to growth the gasoline fees via way of means of Rs18 in step with litre for the relaxation of February today (Tuesday).

Sources aware of the problem stated that the latest spike in gasoline fees withinside the global marketplace because of anxiety among Russia and Ukraine ought to push the quotes of petroleum merchandise in Pakistan.

For the primary time withinside the records of Pakistan, the in step with litre petrol rate is anticipated to go the Rs160 mark

Petrol fees in all likelihood to hit all-time excessive in Pakistan

The well-positioned reassets stated that petrol and diesel fees may fit up via way of means of Rs13 and Rs18 in step with litre from  February 16. -File photo

The well-positioned reassets stated that petrol and diesel fees may fit up via way of means of Rs13 and Rs18 in step with litre from  February 16. -File photo

ISLAMABAD: The fees of petroleum merchandise are anticipated to hit an all-time excessive in Pakistan because the authorities is in all likelihood to growth the gasoline fees via way of means of Rs18 in step with litre for the relaxation of February today (Tuesday).

Sources aware of the problem stated that the latest spike in gasoline fees withinside the global marketplace because of anxiety among Russia and Ukraine ought to push the quotes of petroleum merchandise in Pakistan.

The well-positioned reassets stated that petrol and diesel fees may fit up via way of means of Rs13 and Rs18 in step with litre from tonight.

Brent crude and WTI are being traded at around $ninety six and $ninety five in step with barrel withinside the Asian markets, the reassets added.

It is pertinent to say right here that for the primary time withinside the records of Pakistan, the petrol rate is anticipated to exceed Rs160 in step with litre amid hovering fees of crude oil withinside the international marketplace.

If the authorities comes to a decision to byskip at the burden of growing oil fees withinside the global marketplace to the consumers, then the fees of petrol ought to shoot as much as Rs160.eighty three.

Currently, petrol is being offered withinside the county at Rs147.eighty three in step with litre, excessive-velocity diesel (HSD) at Rs144.sixty two and mild diesel oil (LDO) at Rs114.fifty four in step with litre withinside the u . s ..

Finance Minister tips at hike in petroleum fees

On February 10, Finance Minister Shaukat Tarin had indicated an growth in petroleum fees in-u . s . withinside the coming days, including that the authorities can not decrease petroleum product fees artificially.

During an look on Geo News Programme, Aaj Shahzaib Khanzada Kay Saath, Federal Minister for Finance Shaukat Tarin had stated that the International Monetary Fund (IMF) wishes us to cast off tax exemption from the provident fund and that this can create a burden for the poor.

Therefore, the authorities will negotiate with the IMF on the problem of tax exemption on provident funds, he had added.

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