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
After the horrific plane crash in Ahmedabad on June 12, the Civil Aviation Ministry on Wednesday
Anushka Sharma was seen angry during IND vs PAK T20 World Cup match, video went viral
The T20 World Cup held in America was played between India and Pakistan on Sunday, June 9. India
The T20 International series between India and South Africa is one of the few fixtures between th
Indian cricketer Rinku Singh has tied the knot. On Sunday, the star player got engaged to Samajwa
On February 5, 2026, renowned actor and comedian Rajpal Yadav surrendered at Delhi's Tihar Jail i
A trade war is going on between America and China, but along with this, a small trade war is also
More than four years after it was passed by Parliament, the rules related to the Citizenship Amen
The Sangharsh Samiti has called for a Katra shutdown on Wednesday against the ropeway being const
The Modi government is preparing to present the first budget of its new term. This is the first b
The series of bridge collapses continues in Saran. Within 24 hours, the third bridge collapsed. T
