Petrol price to go up by Rs 5 per litre from Feb 1

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Petroleum Minister Dr Asim Hussain told reporters on Friday that the price of petrol would be increased by Rs 5 per litre and the price of diesel by Rs 2.50 per litre on February 1. He said the increase in POL prices would be made because of the increase in prices in the international market. About his recent visit to India, the minister said he discussed with his Indian counterpart Jaipal Reddy the security and transportation issues on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. He said the United States had assured security for the pipeline and gas delivery. Pakistan and India were both considering helping Turkmenistan develop its upstream sector, he added. In reply to a question on transit fees, he said Pakistan was likely to get $1/mmBTU in transport fee and $0.5/mmBTU in transit fee for the supply of TAPI gas to India. However, he said the final agreement was yet to be signed. On the Iran Pakistan gas pipeline, he said there was no pressure from the US on the project. He said the Indian petroleum minister had shown interest in rejoining the project and India had also offered to provide POL products to Pakistan.

1 COMMENT

  1. Than you so much!!!! But why only 5, why not 50??? Would not it be easy for Govt to just poison all of us..:) OH yes, I see the problem there as no one will fill their accounts..

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