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As Pakistan faces its worst economic crisis, citizens in the South Asian nation are likely to face another crude shock. Local media reports indicate that petrol and diesel prices are likely to increase by Rs 32 per litre from February 16.
Petroleum, oil and lubricant prices have increased further and stood at around Rs 272 for the next fortnight. This could force the government to hike petrol and diesel prices again.
Official and industrial sources quoted in reports indicate that petrol prices would likely go up by 12.8 per cent or by PKR 32.07. This would take the effective price to nearly PKR 282 per litre, compared to PKR 250. Likewise, diesel prices could rise by 12.5 per cent or by PKR 32.84 to PKR 295.64, compared to PKR 262.8.
