The prices of petroleum products are expected to witness an increase in the next half of the ongoing month as crude oil rates have gone up in the international market, sources said on Saturday.
The sources said the price of petrol might move past the Rs150 per litre mark for the first time in history, as the rising international market rates might prompt the government to increase the price of petrol by Rs13.
The sources added that the price of diesel might go up by Rs18 from February 16.
Last month, the government decided against increasing the prices of petroleum products for the first 15 days of February.
At the time, Special Assistant to the Prime Minister on Political Communication Shahbaz Gill had tweeted: "The prime minister did not approve the summary of increasing petrol price by Rs11 and diesel by Rs14."
Currently, petrol is being sold in the county at Rs147.83 per litre, high-speed diesel (HSD) at Rs144.62 and light diesel oil (LDO) at Rs114.54 per litre in the country.
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