Islamabad, Nov 14
Diesel shortage is being reported in Pakistan amid a potential rise in petroleum product prices from November 16, local media reported on Friday, citing sources.
From November 16, petroleum may rise by up to Pakistani Rupees (PKR) 9.60 per litre. Initial prices have been prepared considering the global market situation, as per the sources.
The price of diesel is expected to rise by PKR 9.60, while the petroleum price is expected to reduce by PKR 1.96 per litre. Kerosene prices are likely to increase by PKR 8.82 per litre, and light diesel oil prices may rise by PKR 7.15 per litre.
On October 15, Pakistan's federal government announced a reduction in prices of petroleum products by up to PKR 5.66 per litre.