ISLAMABAD – A Drastic rise of over Rs 10 in the prices of petroleumproducts in Pakistan on cards following the rise of the international crudeoil prices.
The prices of petroleum products in Pakistan are likely to go up by up toRs12 owing to an increase in the international market following an attackon Saudi Arabia’s oil infrastructure last week.
The country’s energy supply is also at a risk due to the mounted tensionswith India over the revocation of autonomous status of Occupied Jammu andKashmir.
Pakistan faces a wide gap in energy demand and supply as it relies mainlyon crude oil and petroleum product supplies.
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POL prices are likely to be increased by Rs5 to Rs8 from October 1 and Rs10to Rs12 in the following month, sources privy to the development told a privatemedia outlet link Monday.
