Share:Petrol may become more expensive again by Rs7 per litre and high speed diesel (HSD) by Rs10 per litre from October 16. “We have worked out this huge increase in the price of both products keeping the first 10 days in view. Usually, the POL prices are worked out based on 13 days worth of data, and in the next three days, the bullish trend in oil prices will continue. This would be the third consecutive hike in POL prices if the government further increases the POL prices from October 16 as has been worked out. The perpetual devaluation of the Pakistani rupee against the US dollar is also causing the surge in POL products in the country.

Source: The Nation October 11, 2021 04:18 UTC