Data Reveals petroleum prices lowest in Pakistan among South Asian Countries
ISLAMABAD: *Data Reveals petroleum prices lowest in Pakistan among South Asian Countries.*
Federal Minister for Energy Omar Ayub has attributed the rise in prices of petroleum products to increase in the price of crude oil in the global market and depreciation of the rupee.
Umar Ayub wrote on twitter, “The international prices of oil have risen sharply in the last 1 month. The rupee has also weakened by Rs. 2 to 3.
The calculation increase for Petrol was Rs. 31.58/L but Govt has increased it by Rs 25.58/L. For Diesel calculation increase was Rs. 24.31/L but actual increase is Rs. 21.31/L.”
“On Jan 1, Petrol was Rs. 116.60/L and Diesel Rs.127.26/L. Petrol was reduced by Rs.42/L & Diesel by Rs.47/L on June 1. Now the increase in Petrol is Rs.25/L but is still Rs.17/L cheaper than in Jan. Diesel has increased by Rs. 21/L but is still Rs. 26/L cheaper than in Jan.,” the minister added.
Federal Minister for Energy said, “Petrol prices in Pakistan are still the lowest in the Sub Continent by a wide margin.”