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Fuel prices in Pakistan, petrol is Rs 272 per liter and diesel is Rs 280 per liter
Islamabad: After the increase in fuel prices in Pakistan, petrol is being sold at Rs 272 per liter and diesel at Rs 280 per liter from Wednesday night.
The fuel price hike was announced shortly after the Shehbaz Sharif government presented the Supplementary Finance Bill (Mini Budget) in the Pakistan National Assembly.
“Geo News” reported that the government of Pakistan has increased the fuel prices to satisfy the “International Monetary Fund” in order to open up the complicated debt process.
In the press release issued by the Finance Division regarding the increase in fuel prices, it is mentioned that the price has increased due to the decrease in the value of the rupee against the dollar.
Fuel prices in Pakistan: Kerosene & light diesel
Prices of other fuels like petrol and diesel have also increased. Kerosene at Rs 202.73 per liter and light diesel oil is being sold at Rs 196.68 per liter.
Due to these economic measures included in the ‘mini budget’, inflation in Pakistan is expected to increase further.
Katrina Ill, senior economist associated with Moody’s Analytics, predicted that inflation in Pakistan may increase by 33% by the first half of 2023.
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