Big hike in petrol price likely

ISLAMABAD: The prices of petroleum products are likely to increase significantly from July 16.

According to sources, the price of petrol is likely to increase by Rs 7.67 per liter and the price of high speed diesel by Rs 3.72 per liter while the price of kerosene is likely to increase by Rs 2.73 per liter.

A proposal to increase the levy on petroleum products has been prepared, the final approval of which will be given by Prime Minister Shehbaz Sharif.
The Finance Ministry will announce the new price tonight after consulting the Prime Minister.