The Federal Government of Pakistan decides to increase the price of petrol by up to PKR 5 per liter. The updated price of petrol will be applied from the month of July 2019.
According to the details, the continues increase of dollar strength devalued our currency and it badly affects the prices of import. Pakistan import oil from other countries to complete the need for oil in the country. On the other side, the price of crude oil increase in the international market and this is a reason the oil prices increasing. The increasing price of oil affect the sales of automotive products. From the last few months, the continues increase the strength of the dollar badly affect the automobile industry the sales of automotive products fall down.
Moreover, the devaluation of currency effect the prices of automobiles products, automakers Honda, Al-Haj Faw, ISUZU, Pak Suzuki has increased the prices of their products.
Below are the current prices of oil:
High-Speed Diesel: Rs. 126.82 per liter
Kerosene oil: Rs. 98.46 per liter
Petrol: Rs. 112.68 per liter
Light-Speed Diesel: Rs. 88.62 per liter
