In Pakistan, the Shahbaz government has created another crisis among the people crying out for bread. Actually, the government here has drastically increased the prices of petrol and diesel. People are looking upset because of this sudden increase. Finance Minister Ishaq Dar announced a hike of Rs 35 per liter in petrol and diesel prices in a televised address on Sunday morning, minutes before the new prices were to come into force. After this increase, people have also faced trouble while driving bike and car. People have been forced to keep their vehicles at home.
In his address that began at 10:50 am, Dar discussed about the price revision. He said that this increased price would be effective from 11 am today. He said that speculations are rife on social media regarding the hike of Rs 50 in the prices of petrol and diesel, but I want to inform that we have increased the price by Rs 35 per litre.
India At present, the price of petrol and diesel in India is running at Rs 100 per liter while in Pakistan it has gone up to Rs 250 per litre. On the other hand, if both countries are compared, the price of petrol and diesel in Pakistan is two and a half times more than in India.
Minister Dar said that the Pakistani rupee devalued last week and now we are seeing an increase of 11 percent in the prices of petroleum products in the international market. The minister said that our government has not increased the prices of petrol in the last four months. On the direction of Prime Minister Shehbaz Sharif following the devaluation of international prices and rupee, we have decided to increase the minimum price of four products.
He said that we have decided to increase the price of petrol and diesel by Rs 35 per litre. The price of kerosene oil and light diesel has been increased by Rs 18 each. The minister further expressed hope that the announcement of the new prices would dispel rumors of stoppage of petrol supplies.
