Wednesday, October 20, 2021  | 13 Rabiulawal, 1443
Samaa TV
Facebook Twitter Youtube
HOME > Money

Petrol, diesel prices rise as international crude oil rates surge

Crude oil price reaches $74.48 per barrel

SAMAA | - Posted: Sep 18, 2021 | Last Updated: 1 month ago
SAMAA |
Posted: Sep 18, 2021 | Last Updated: 1 month ago

Photo: Online

A surge in the price of crude oil in the international market has caused  the price of petroleum products in Pakistan to react.

In a month, crude oil prices rose by $5.94 per barrel and the dollar rose from Rs164 to Rs169.50, after which the Oil and Gas Regulatory Authority (OGRA) recommended an increase in diesel price by Rs10 and petrol prices by Re1 per liter. The government managed this by raising the price of petrol Rs5 and diesel by Rs5.01 per liter.

On August 16, the price of crude oil in international market was $69.56 per barrel, and it rose to $71.28 per barrel on September 1.

Over the past couple of days, the price rose again and on September 15, crude oil hit $74.48 per barrel. Higher crude oil prices have increased Pakistan’s import bill.

The dollar also appreciated this week to cross Rs170 on Wednesday. The depreciation of the rupee against the dollar then had an effect on petroleum products.

The dollar was trading at Rs164 in August and reached Rs169.50 on September 15.

FaceBook WhatsApp
 
HOME  
 
 

Tell us what you think:

Your email address will not be published.

FaceBook WhatsApp
 

 
 
 

MOST READ
MOST READ
Tarin returns to Washington to join renewed talks with IMF
CPPA wants Nepra to increase power tariff by Rs2.65
Does Pakistan have laws on cryptocurrency, asks court
 
 
 
 
 
About Us   |   Anchor Profiles   |   Online Advertising   |   Contact Us   |   Feedback   |   Apps   |   FAQs   |   Authors   |   Comment Policy
Facebook   |   Twitter   |   Instagram   |   YouTube   |   WhatsApp