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POL product prices are anticipated to rise

ISLAMABAD: According to market sources, POL petroleum product prices are anticipated to rise further in the second half of October, as the Brent oil price hit $81 per barrel on Tuesday.

Pakistan gets its oil from the Middle East, where the price of petroleum varies. Long-term contracts with Kuwait, Saudi Arabia, and the United Arab Emirates are used to import crude oil and petroleum products. The petroleum product prices were calculated by the OGRA using the most recent notified petroleum levy (PL), general sales tax (GST), and international oil prices and exchange rate during the previous 15 days.

Also read: The price strategy for dividing GoP stake in Pak Re-Insurance Co. Ltd has been authorised by the PC Board

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