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Pakistan: petrol and diesel price hike from 1st January  

A change in the price of petroleum products is expected to come into effect from January 1, 2012.

Under the change, petrol and high speed diesel prices will increase by 50 paisas, while the price of kerosene oil is expected to decrease.

According to petroleum ministry sources the change will take place under the monthly fuel price adjustment.

Sources add that the price hike is being considered due to an increase in the exchange rate of the dollar.

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