Local POL products’ prices likely to be eased off – Alfalah Securities Limited

Karachi, July 10, 2012 (PPI-OT): In line with a drop in the international petroleum product prices particularly petrol and diesel, it has been estimated that the prices of petrol, Compressed Natural Gas (CNG) and diesel are likely to go down by PkR 2.70, PkR 2.5 and PkR 1.0 per liter respectively. However, prices of other petroleum products are expected to increase from July 16, 2012. The price of HOBC is expected to increase by PkR 4.5 per litre, kerosene oil by PkR 1.60 per litre and LDO by PkR 1.20 per litre. HOBC is currently being sold at PkR 106.88, petrol at PkR 84.49, diesel at PkR 97.21, LDO at PkR 83.71 and Kerosene at PkR 86.25 per liter. The government and the All Pakistan CNG Association last month signed an agreement to keep parity of 60 % between the petrol and CNG price due to which the price of CNG will also be reduced in response to a drop in petrol prices.