The government will announce the new prices for the next fortnight on February 1 Islamabad (Urdu Point Newspaper Latest. January 29, 2025) The possibility of further increase in the prices of petroleum products in the country has been revealed. According to media reports, the price of petroleum products in the country is expected to increase. By 6 rupees from February 1. Under which the price of diesel is likely to increase. By 6 rupees per liter and the price of petrol may increase by 3 rupees per liter. If the prices increase in the same ratio. Then the price of petrol will increase from Rs.256 13 paise to Rs.259 13 paise and the price of high speed diesel. Will increase from Rs.260 95 paise to Rs.266 95 paise.
It is worth noting here that the federal government has increased the prices of petroleum. Products twice during the first month of the new year. On January 16, the price of petrol per liter increased by Rs. 3.47 paise to Rs. 256.13 paise while the price of diesel increased An increase of 2 rupees 61 paise was fixed at 260 rupees 95 paisa. It took place from 16 to 31 January.
Even before this, the continuous increase in crude oil prices in the world market had a negative. Impact on Pakistan and at the beginning of the new year. The federal government increased the prices of petroleum products by 2 rupees 96 paise on January 1, 2025. was done.
Oil prices have continued to trade below the level of 80 dollars. Per barrel in the world market, but in December 2024. For the first time since October. The price of crude oil in the world market will be above the level of 80 dollars per barrel. At that time, the price of British crude oil in the world. Market was 81.56 dollars and the price of American crude oil was 79.65 dollars per barrel.