WEBPUB

Jalila Niazi / 2023-08-16 11:06:43

Pakistan Faces Record Fuel Price Surge, Igniting Inflation Fears

ISLAMABAD: The cost of fuel in Pakistan hit unprecedented highs on Tuesday as the newly appointed caretaker government implemented a substantial increase in petrol and diesel prices, marking the second substantial hike in just two weeks. This surge is expected to further fuel inflation, which had previously cooled over the past couple of months.

According to a notification by the finance division, the new petrol price will stand at Rs290.45 per litre, following a staggering increase of Rs17.50 per litre. The cost of high-speed diesel will see an even more significant rise, going up by Rs20 to reach Rs293.40 per litre. ...continue reading

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