Overview
Petrol is no cheaper for poor and rich communities in Pakistan. The incumbent government took a U-turn and back on the petrol price increase track. New petrol rates are announced for a fortnight and this shocking price hike blasted citizens through the news. The rates unexpectedly reached the deadline prices which some experts predicted in the past.
To cover economic expenses the price of petrol rises without considering the low-income employee’s monthly expenses. The massive increase in petrol and diesel prices crushes poor people’s daily life routines. Meanwhile, the transportation charges will definitely affect by the new rates which is another trouble for regular public transporters.
New Rates of Petrol and Diesel
Petrol price increased by Rs. 17.50 per liter which makes the rates from Rs. 271.95 to Rs. 290.45. It’s almost near to Rs. 300 per liter. Similarly, diesel prices jacked up by Rs. 20.0 per liter and now reached Rs. 293.40 per liter.
Crude oil rates surged in the global market from $86 to $91. The devaluation of the rupee value also pushes the rates of international purchases. Meanwhile, Petrol and diesel prices help to get an idea of the current economic situation in Pakistan. Inflation persecuted the overall economic system.
Conclusion
The petrol prices change continues on fortnight announcement. And in the results petrol rate is still standing at high rates. Traveling become more expensive for daily commuters and there is no way out. Economic stability is necessary to fight with unnecessity changes.
