Prices of petroleum products are expected to rise from December 1. On the other hand, after the settlement between the government and the All Pakistan Petroleum Dealers Association, the dealers association has announced to end the strike from 6 am.
According to private TV, petrol is rare in the country despite being expensive due to which the strike was called to increase the profits of petroleum dealers. However, considering the current situation, it can be said that the increase in the prices of petroleum products from December 1 is certain. The rise in dealers' profit margins and then the rise in oil prices in the global market will have an effect.
In his press conference on November 22, Shaukat Tareen, finance adviser to Prime Minister Imran Khan, had made it clear that negotiations with the International Monetary Fund (IMF) were underway and the petroleum levy would be increased by four rupees per month. That in negotiations with the IMF we stood our ground, the petroleum levy was asked to increase to Rs 10 billion, they will not be able to do so, the petroleum levy has to be increased by four rupees per month and the petroleum development levy has to be increased to Rs 30. How much does the price of petroleum products increase in December?
