The prices of petrol are likely to soar up to Rs 3 from April 1, 2016, ARY News reported.
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According to sources, petrol rates will rise to Rs 2.10, high octane prices will increase Rs 3.48, high speed diesel Rs 2.27 and light diesel Rs 2.98.
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Ministry of Finance said the prices of crude oil are consistently increasing in the global market, adding the international hike will impact Pakistan as well.
Read More: Petrol, Diesel Prices Go Up After Six Months
On the other hand, economic experts believe that government could retain petrol rates by decreasing general sales taxes.
