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
Team India will have enough experience in handling the pressure in the great World Cup match betw
During a rally before taking the oath of office, Donald Trump clearly said that he would not allo
Gadar 2 Day 27 Box Office Collection: 'Gadar 2', which did a bang collection from theaters to the
The weather pattern has changed rapidly in the last few hours in the country. Apart from Delhi-NC
Ahead of the first anniversary of the Pahalgam terror attack, the Indian Army on Tuesday issued a
The cold winds coming from the hilly areas have spoiled the climate of the capital Delhi. Accordi
Sad news has come from the South film industry. Well-known stunt artist SM Raju died during the s
Last month, 'Kaanta Laga Girl' Shefali Jariwala passed away. After the death of the actress, ther
The country's Prime Minister Narendra Modi once again took a ride on the Delhi Metro on Friday. H
India had to face defeat in the final of the ODI World Cup 2023 against Australia. Kangaroos beat
