Pakistan increases petrol price Today: As Pakistan suffering from the worst-ever economic crisis with the highest inflation and unemployment rate touching a record high the government has now announced to increase the oil prices by a “minimum” of Rs 35 per litre.
According to the latest news announcement, the petrol price was increased by Rs 35, and diesel-kerosene by Rs 18.
While addressing the nation in a video message, Finance Minister Ishaq Dar on Sunday morning said that the increase in prices came nearly after four months and added that the government has decided to hike a “minimum” of Rs 35 per litre on petrol.
With the latest announcement, current prices of petrol in Pakistan reached Rs 249.80 per litre, high-speed diesel Rs 262.80 per litre, kerosene oil Rs 189.83 per litre, and light diesel oil at Rs 187 per litre.
No petrol in Pakistan!!
As per seeing the situation of Pakistan, the country has been reeling under the worst-ever economic turbulence.
Earlier on Wednesday, multiple local media reports claimed the citizens were struggling hard to get fuel in their vehicles.
According to a report by Dawn, long queues were seen at several petrol pumps. Speaking to the media, people who were waiting in the queue, said that the wait time at the fuelling stations was more than an hour.
Pakistan’s major economic crisis
The situation was not “alright” for Pakistan before the natural disaster hit the country.
According to multiple local media reports, edible oil was sold at Rs 600 per litre even in the first week of August and ghee at nearly Rs 700 per litre.
The situation turned grimmer after the deadly floods, wherein more than 2,000 people were killed and thousands of people missing.
In December, local media reported that the cost of cooking gas rose to Rs 1,200 per kg near Afgan border regions while the cost of flour went up to Rs 160-170 per kg.
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