Crisis In Pakistan! Petrol And Diesel Prices Have Crossed 330 Rupees Per Liter
The record increase in petrol and diesel prices in Pakistan has posed difficulties for the general public. The interim government has once again raised the prices of petrol and diesel, with petrol now costing around 330 rupees per liter, while inflation rates have already reached double digits.
Receiving approval
After receiving approval from Acting Prime Minister Anwarul Haq Kakar, the Finance Ministry issued an order to increase petrol prices by 26.02 rupees per liter and diesel prices by 17.34 rupees per liter. As a result, both petrol and high-speed diesel (HSD) prices have exceeded 330 rupees per liter.
Breaking psychological barrier
Pakistan’s newspaper ‘Dawn’ stated that reaching the 330 rupees per liter mark for petrol and diesel is akin to breaking a psychological barrier. Fuel prices have risen due to an increase in the exchange rate, with inflation rates rising by more than 27.4 percent in August. Earlier in September, the interim government had also increased petrol and diesel prices by 14 rupees per liter.
Rising cost of living
The rising cost of living is causing distress to the public. In the past 15 days, petroleum product prices have increased twice, adding to the economic burden on the people. Petrol and HSD are used by all private and public service vehicles. On the other hand, the prices of food items in Pakistan have also increased significantly, from flour and rice to salt and sugar, making it increasingly challenging for ordinary people.
