Petrol Prices may Increase by up to Rs7 per liter in Pakistan due to Ukraine Crisis
In view of the soaring prices of Brent crude in the transnational request amid the Ukraine extremity. The Petrol Prices in Pakistan are anticipated to increase by over to Rs7 a liter, say sources.
It’s material to mention then that the global canvas prices broke past$ 100 and safe havens surged.
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While equities tumbled after Russian President Vladimir Putin blazoned a” military operation”in Ukraine moment.Â
Canvas prices increased further than 5 with Brent moving within spitting distance of the$ 100 not seen since September 2014.
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The sources privy to the matter said that Russia’s military operation in Ukraine may impact the petrol prices in Pakistan.
Still, also the Petrol Prices in Pakistan may increase up to Rs.7 per liter, said the sources within the canvas assiduity. If the canvas prices remain at$ 100 per barrel till March 1 in the global request.
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Before, the OGRA chief had suggested at a farther hike in petrol prices.
