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Sharp enhance in Pakistan petrol costs anticipated for February

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Sharp increase in Pakistan petrol prices expected for February

ISLAMABAD: The Oil and Fuel Regulatory Authority has reportedly really helpful a Rs12 per litre enhance within the value of petrol and Rs10 per litre enhance for diesel in its newest abstract despatched to the petroleum division on Friday.

The Pakistan authorities had elevated the costs of petroleum merchandise twice after each 15 days in January.

Sources within the petroleum division are saying  Ogra ready its abstract on the idea of a levy of Rs30 per litre. At present, the levy on petrol is Rs21.56 per litre and Rs23.9 per litre on diesel.

The ultimate determination will likely be taken by the Ministry of Finance headed by Dr Abdul Hafeez Shaikh after session with Prime Minister Imran Khan.

The federal government can cut back the proposed enhance to a really low stage by not rising the levy or it could preserve the present costs of petroleum merchandise with a slight discount within the levy.

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