Govt raises petrol price by Re0.88 and diesel by Re0.53 per litre starting Oct 21.

The government announced small upward adjustments in petroleum and high-speed diesel prices. Retail price revisions for petroleum products can impact working capital needs and inventory values for marketing companies.

Possible impact on PSX shares

• PSO Pakistan State Oil Company Limited◆ Mixed

  Marginal increases in fuel prices may lead to minor inventory revaluation gains for the oil marketing company, though overall volume growth could remain constrained by high pump prices.

  Price when this was written: Rs 356.56 · Live price, chart and results

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Business Recorder: Govt raises petrol price by Re0.88, diesel by Re0.53 per litre