The Finance Minister attributed this price hike to two main factors: the global increase in petroleum prices and the devaluation of PKR against the US dollar. Additionally, the price of kerosene oil has been raised from Rs. 180.29 per liter to Rs. 186.07, an increase of Rs. 5.78. On the other hand, the price of light diesel oil has been maintained at Rs. 174.68 per liter by adjusting government dues, as per the Finance Minister.
The government’s decision is expected to receive mixed reactions from the public, who are already grappling with the rising cost of living. A press release issued by the Finance Division displays the latest petroleum prices.
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