petroleum prices in pakistan likely to increase from july 1
There is a chance of rise in price of petroleum products in pakistan from july 1 in world market
Two months ago the price of crude oil of one barrel in world market is $20 which has risen to $41.18.it shows 100% increase in price.
The prices of petroleun product has been increased when the pandemic disease covid 19 grab the world.
several oil companies stop selling oil due to change in prices of petroleum products in pakistan and faces into an oil crisis. The few pumps which was selling oil has long rows.
Economist Dr Waqar says in the budget, “the government has announced that it will be fixing the petroleum levy at Rs30 per litre while an additional 17% sales tax and freight margin will also be imposed”
A final resume of prices will be send by the OGRA at the end of this month