Fuel prices to go up by 3.7% in January 

The Chamber of Petroleum Consumers (COPEC) has announced that the prices of petrol and diesel will soon increase.

According to COPEC, the price of petrol and diesel at various fuel pumps may rise by 3.7 % and 2.5% respectively in January 2022.

COPEC stated that ex-pump petrol and diesel prices will rise by 24 and 17 pesewas respectively.

With the price of fuel products expected to rise in the first pricing window of January, COPEC said in a press release that consumers should expect to pay more for the same product.

If the government suspends the zeroing of the Price Stabilization Recovery Levy on fuel products, ex-pump prices could rise by at least 34 pesewas, according to COPEC.