Petrol and Diesel Prices in Pakistan to See Minor Decrease Despite Rupee Depreciation
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Petrol and diesel prices in Pakistan expected to decrease by Rs8-10/litre on Nov 15 due to lower global prices.
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However, rupee depreciation against dollar reduces benefit of lower global prices.
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Government has reached maximum Rs60/litre petroleum levy limit.
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Petrol and diesel prices are key drivers of high 27% inflation rate recorded in October.
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Petrol and diesel generate major revenue for government compared to kerosene demand.