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
IND vs WI T20I Series 2023: The West Indies team, which performed brilliantly in the first two ma
Brendan Fraser : RRR star Junior NTR shared pictures with Brendan Fraser, gave 'best wishes'
RRR actor Ram Charan and filmmaker SS Rajamouli are in the United States for the prestigious Osca
Allahabad High Court : 'Supreme' order to remove mosque from Allahabad High Court premises in three months
The Supreme Court refused to interfere with the order to remove the mosque from the Allahabad High C
PM Narendra Modi's first state visit to America will decide the future course of relations betwee
The fire of violence that broke out after the attack on a procession in Nuh spread across South H
A group of Afghan women has announced the launch of Afghanistan's Women's Revolution in Kabul for
Amidst the countdown to Lok Sabha elections, Congress has now decided to name Rahul Gandhi's jour
Violence has been going on in Manipur for more than four months. Foreign Minister S Jaishankar sa
Rahul Gandhi's Bharat Jodo Nyay Yatra has reached Varanasi, Uttar Pradesh. Today is the second da
Kartik Aaryan and Kiara Advani starrer film 'Satyaprem Ki Katha', directed by Sameer Vidwans, hit