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
COVID-19: China's warning - Corona cases may increase again this month, claims in the report
Corona cases have been comparatively less in China since the New Year, but now the Chinese govern
Why did Salman Khan call Sonakshi 'Devi', netizens said- 'Bhaijaan', you said...
Sonakshi Sinha, who won everyone's heart by debuting with Salman Khan's film Dabangg, has the sam
Former Indian team batsman Manoj Tiwari said that Mumbai Indians should hand over the captaincy b
Amidst rumors of LPG shortages, the Delhi government has clarified that the supply of LPG, petrol
Groww Overtakes Angel One in Commodity Derivatives; Analysts See Stock Rally Towards ₹250
Online brokerage platform Groww has strengthened its position in India's financial services indus
Chennai Super Kings have had a poor start to the 2026 IPL season. The team, led by Ruturaj Gaikwa
The festival of Baisakhi is being celebrated with great pomp across the country on 14 April (toda
mAadhaar App Discontinued: Here’s How to Set Up the New Aadhaar App Step by Step
Unique Identification Authority of India (UIDAI) has officially introduced a new Aadhaar applicat
The information about the attack on Saif Ali Khan has shocked everyone. Late night, the thief bro
Elon Musk: Why did Musk show Parag Agarwal the way out from Twitter, the big reason came to the fore
Elon Musk dismissed CEO Parag Aggarwal as soon as he took charge of Twitter last year. Now some t
