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Govt jacks up petrol value by Rs5

by Pakistan Latest News Update

The federal government raised the worth of petrol to Rs272 per litre, including strain on the inflation-weary individuals.

The Finance Division, in its fortnight bulletin, attributed the worth hike to the depreciation of the Pakistani rupee in opposition to the US greenback and a rise within the costs registered by Platts Singapore.
“Accordingly the price of MS(Petrol) has increased by Rs5 per litre and the price of hi-speed diesel has increased by Rs13 per litre,” the notification learn.
The rise within the value of Kerosene oil has been saved at Rs2.56 by lowering the federal government’s dues on it. Equally, the worth of sunshine diesel oil has been saved fixed by adjusting the federal government dues as effectively.
The brand new costs will come into impact from 12am (March 16) and stay in place until March 31.
On February 28, the federal authorities decreased the worth of petrol by Rs5 per litre to Rs267 per litre for the subsequent fortnight which was a bit against the market prediction because it anticipated that the federal government would hike the speed for appeasing the International Monetary Fund (IMF) — whose mortgage is crucial for the cash-strapped nation.

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