Pakistan Petrol Diesel Price After the release of the tax-laden mini-budget by the Government of Pakistan, there has been a big increase in the price of petrol and diesel in the neighboring country. Petrol and gas prices have been hiked to a historic high on Wednesday night to please the International Monetary Fund (IMF). To get the loan installment from IMF, it is as if the Government of Pakistan has dropped a petrol bomb on the public.
Petrol increased by more than Rs 22
The Government of Pakistan has increased the price of petrol by Rs 22.20. After this, the price of petrol has gone up to Rs 272 per liter. The government has attributed the increase to the devaluation of the rupee against the dollar. On the other hand, the price of high-speed diesel has been increased by Rs 17.20 to Rs 280 per liter.
kerosene is also expensive
Under the new rates, kerosene will now be available at Rs 202.73 per liter after an increase of Rs 12.90. Meanwhile, light diesel oil will be available at Rs 196.68 per liter after an increase of Rs 9.68. Geo News reported that the new prices will be applicable from 12 am on Thursday. Explain that the increase in the price of petroleum products was one of the pre-conditions of the IMF, which was brought on the pretext of a 'mini-budget' and will increase the country's inflation rate.
Now IMF's bailout package is also insufficient
Inflation in Pakistan is expected to rise sharply after the hike in petrol prices in the 'mini-budget'. Moody's Analytics Senior Economist Katrina L has predicted that inflation in Pakistan could average 33 percent in the first half of 2023 and a bailout package from the IMF alone is unlikely to revive the economy. Through the mini-budget, the Pakistan Democratic Movement (PDM)-led federal government aims to reduce the budget deficit and broaden its tax collections.
Also Read: Pakistan's friend China also showed its true colors, closing the facility of the consular section
Two minor tremors of earthquake were felt in Gujarat's Amreli district in the last 24 hours. This
Russia Luna-25: Shocked by the crash of Luna-25 mission, Russia's top cosmologist hospitalized
Russia's hopes of landing on the moon's surface after nearly half a century were shattered when i
Mahua Moitra Case. The troubles of TMC MP Mahua Moitra, who is involved in the case of asking que
Elon Musk has announced that the first test of implanting a chip in the human brain has been succ
India has come forward to help the Maldives, which spews venom against India and runs an 'India O
Voting for the last phase of Lok Sabha elections is going on in the country today. Meanwhile, Con
Ahead of the third phase of Lok Sabha elections, Narendra Modi today addressed a p
11 people died in the explosion in a firecracker factory in the Harda district of Madhya Pradesh,
Iran can attack Israel Iran is furious after the killing of Hamas leader Ismail Haniyeh. Iran has
'It is ours, it is ours...', Sonia Gandhi replied smilingly on the Women Reservation Bill. Video
Women's Reservation Bill. Today is the second day of the special session of Parliament. Today is
