Prices of petroleum products in Pakistan are expected to rise by up to Rs 3 per litre.
Experts say that the government can reduce the petroleum levy to provide relief to the people by increasing the price of petrol by Rs 3 per litre and diesel by up to Rs 2 per litre.
It is pertinent to mention here that the government will announce a revision in the prices of petroleum products on December 15, while this decision will be effective from December 16.
Note that since December 1, the prices of crude oil in the international market have gone up by 5%.
The US Dollar has also been appreciated on the first day (Dec 14th, 2020) of the trading week in the interbank market.
According to the data released by the State Bank of Pakistan, the dollar has appreciated by 33 paise in the interbank market.
According to Forex dealers, the dollar appreciated from 160.14 to close at 160.47 in the interbank market.