Pakistan govt goes for a steep hike in petrol and diesel prices
Cash-strapped Pakistan’s government on Sunday raised prices of petrol and diesel by Rs 35 each, giving another jolt to the country’s inflation-stricken people.
Finance Minister Ishaq Dar made the announcement in a televised address on Sunday morning. Prices in the past had been adjusted on a fortnightly basis from the first to sixteenth of every month.
“We have decided to increase the price of petrol and diesel by Rs 35 each. The price of kerosene oil and light diesel oil has been increased by Rs 18 each,” Dar said. The new prices would come into effect from Sunday.
After the rise, the price of petrol was set at Rs 249.80 per litre, high-speed diesel at Rs 262.80, kerosene oil at Rs 189.83, and light diesel oil at Rs 187 per litre.
