ISLAMABAD: *Data Reveals petroleum prices lowest in Pakistan among SouthAsian Countries.*
Federal Minister for Energy Omar Ayub has attributed the rise in prices ofpetroleum products to increase in the price of crude oil in the globalmarket and depreciation of the rupee.
Umar Ayub wrote on twitter, “The international prices of oil have risensharply 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 increasedit by Rs 25.58/L. For Diesel calculation increase was Rs. 24.31/L butactual increase is Rs. 21.31/L.”
“On Jan 1, Petrol was Rs. 116.60/L and Diesel Rs.127.26/L. Petrol wasreduced by Rs.42/L & Diesel by Rs.47/L on June 1. Now the increase inPetrol is Rs.25/L but is still Rs.17/L cheaper than in Jan. Diesel hasincreased by Rs. 21/L but is still Rs. 26/L cheaper than in Jan.,” theminister added.
Federal Minister for Energy said, “Petrol prices in Pakistan are still thelowest in the Sub Continent by a wide margin.”