In Pakistan, 1 litre petrol costs PKR 237 now as inflation soars amid floods
Inflation-hit Pakistan government led by Prime Minister Shehbaz Sharif on Wednesday hiked the petrol price by PKR 1.45 per litre with which the new petrol rates in the country have surged to PKR 237.43 per litre. Additionally, the price of light diesel has been reduced by PKR 4.26 litre and kerosene oil has been reduced by PKR 8.30 per litre.
The hike in prices of petroleum products has been attributed by Pakistan’s government to fluctuating global oil prices and exchange rate variation.
Recent floods in Pakistan which submerged large parts of the country, killing over 1,500 people and affecting roughly 33 million people, have brought the country on the verge of an economic collapse only compounded by political instability after the ouster of former Prime Minister Imran Khan.
