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Petroleum products prices likely to go up from October 1
September 22, 2018
ISLAMABAD, Sept 22 (INP): The prices of petroleum products are expected to be increased by Rs 10 per litre from next month. According to sources, the price of petrol is likely to go up by by Rs6.30 per litre, while the price of Kerosene oil can be increased by Rs10 per litre. Meanwhile, the price of Light Diesel is expected to increase by Rs4 per litre and High Speed Diesel by Rs8.50 per litre. The new prices will be implemented after approval. Last month, the federal government has reduced the petroleum prices up to Rs 6 per liter. Earlier on September 17, the Economic Coordination Committee (ECC) approved an increase in gas tariff. Finance Minister Asad Umar, who was chairing the committee’s meeting also approved the addition of a new tariff slab for sale of gas. In view of Umar’s directives to not burden masses with the price hike, a larger increase in tariffs was placed on higher tariff slabs. Furthermore, the import tax on Liquefied Petroleum Gas (LPG) was decreased to ten per cent. Importing the commodity is expected to decrease its price.
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