Overview
The government of Pakistan has increased the price of petrol by Rs. 14.9 per liter. The price has been changed from Rs. 290.45 to Rs. 305.36. Wistfully, the dwindling economy getting backing from petrol leavy which makes inflation increase in the country. Petrol price in Pakistan associated with good prices which cause of increase inflation.
Petrol prices increase in Pakistan with fortnight decisions. Petroleum product rates affect transportation charges and other necessities of regular life. Transportation charges have an effect on good prices.
The new rates for petrol and diesel for the next 15 days work as:
- Petrol price is Rs. 305.36 per liter
- The high-speed diesel new rate is Rs. 311.84 per liter
Why Petrol Price Saw A Huge Jumps
The petrol prices rise in the international market but our slumping economic condition makes it worse. Pakistan’s rupee value falling day by day which has caused of increase in imported product prices. And Pakistan completely depends on the import of petroleum products.
The significant depreciation in rupee value has a bad impact on Pakistan’s economy. There is no source of petroleum products except the import. This has a big impact and every time the depreciation of rupee value makes petroleum products expensive for the country.
Conclusion
All the promises to make petrol cheap for the country are falling. The ongoing petrol price situation has created troubles for citizens. It makes it more difficult for low-income employees who travel long daily. Transporters increased prices after the announcement. In sum petrol prices in Pakistan are around all over the daily expenses and are connected with economic conditions. Meanwhile, Pakistan has no way to offer cheap petrol. There is no clue of the further process of Russian Oil import. this was the only hope of cheap petrol because they offered petrol at a very low price compared to the international market.
