Petroleum prices are still lower as compare to other countries in the region

Minister for Information and Broadcasting Senator Shibli Faraz said that welfare of the people was the priority of government and efforts would be continued to provide them relief, here on Saturday.

he said in a tweet, the prices of petroleum products have been reviewed due to a surge in international oil prices.

The minister, however, said the increase made in Pakistan was less than when compared with other countries in the region.

The federal government had announced yesterday, increase in the price of petrol by Rs25.58 per liter for the month of July in line with the hike in global crude oil prices.

The real impact of increase in petrol was Rs31 per litre based on the data and working made by Pakistan State Oil (PSO).

The government, however, decided to increase the price of petrol by Rs25.38 per liter that would be effective immediately.

According to a notification issued by the Finance Division, the price of petrol has been increased from existing Rs74.52 to Rs100.10 per litre.