POL prices likely to witness mixed trend





ISLAMABAD: Inflation-hit masses are likely to witness a mixed trend of increase and decrease in the per litre prices of petroleum oil and lubricant products (POL) ahead of Eidul Fitr, it was learnt on Sunday. Official sources at the Ministry of Petroleum and Natural Resources told Daily Times that a mixed trend in the prices of POL products is expected with the start of August under the monthly oil price review mechanism. They said POL products, including petrol, high speed diesel (HSD) and high octane blended component (HOBC) are likely to see up to Rs 4.20/litre price hike, while prices of light diesel oil (LDO) and kerosene oil are expected to be slashed by up to Rs 1.35/litre ahead of the upcoming Eidul Fitr. However, POL prices are likely to be announced three days earlier due to the announced official holidays of Eid, they added. Citing the estimations made so far by quarters concerned, ministry sources also said that per litre price of petrol is to go up by Rs 1.45/litre, HSD by Rs 1.56/litre, and HOBC by Rs 4.20/litre, while price of LDO is likely to be decreased by Rs 1.28/litre and that of kerosene oil by Rs 1.35/litre.

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