Gas Prices to go Up
March 21st, 2010
The government is likely to increase oil prices by Rs 3-4 per litre on the back of hike in global oil prices from April 1, 2010. Sources said that at present, the average oil price in gulf market ranged between 77 to 78 dollars per barrel that accounted for Rs3 to Rs 3.15 per litre increase in oil prices in Pakistan. The government had increased petroleum products’ prices on February 1, 2010, with a substantial hike of Rs6.10 per litre in petrol price. But on March 1, it announced a nominal cut in oil prices ranging from Re0.64 to Rs2.56 per litre.
