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Govt Suddenly Announces A Massive Increase in Petrol Prices

The ongoing series of fuel price hikes continue to pummel the Pakistani public as the government has announced yet another massive increase in the prices of petroleum products.

The prices of petrol and high-speed diesel fuel have gone up by Rs. 8.03 per liter and Rs. 8.15 per liter respectively, and those of kerosene oil and light diesel fuel have been upped by Rs. 6.27 per liter and Rs. 5.72/liter respectively, according to a notification by the Ministry of Finance.

Effective from today, the new prices of the petroleum products are as follows:

Products Old Prices (Rs./liter) Increase (Rs./liter) New Price (Rs./liter)
Petrol 137.79 8.03 145.82
High-Speed Diesel Fuel 134.48 8.14 142.62
Kerosene Oil 110.26 6.27 116.53
Light Diesel Fuel 108.35 5.72 114.07

The Prime Minister had asked the Ministry of Finance to hold the price of petrol price during the recent protest by the Tehreek-i-Labbaik Pakistan, which had led to the notion that the prices have been kept the same to provide relief to the masses.

However, that was not the case as the latest notification about the price hikes was issued on Friday, driving up the prices of petrol with immediate effect.

While the escalation of the prices is being attributed to the volatility of the prices of oil worldwide, a report by Dawn News indicates that it is mainly due to the depreciation of the local currency and an increase in the tax rates.

  • price hike ka notification instantly sab petrol pump ko mil jata hy lekin agar ye pese kam hoty to kisi ko notification nhi milta… kehty abhi notification nhin mila.

    BTW PTI ki jay ho… jis ny sarey record torr diye inflation ky… economy bad se bater hoti jarahi hy… Jo log corruption krty thy unki corruption key bawajud bhi itni mehengai nhin thi jitni ajj ho gai..

    Musharaf ki yaad ati hy. jisny loan pay kiya kabhi liya nhin.

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