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The problems of the people of Pakistan, who are battling with the historic economic crisis and back-breaking inflation, are not taking the name of getting easier. On one hand the prices of essential food items are skyrocketing and on the other hand the prices of diesel and petrol are increasing the inflation further. In such a situation, news is now coming that the government of Pakistan is considering increasing the petrol price again.
price can increase so much
News agency PTI has given information about this by quoting Pakistani media. According to the news, the Pakistan government, which is facing cash crunch, is going to increase the prices of petrol by Rs 10-14 per litre. This will prove to be a step to increase the problems of the people who are already suffering from skyrocketing inflation. However, the poor economic condition has eliminated other options before the Government of Pakistan.
Review every fortnight
Pakistan newspaper ‘The News International’, quoting industry sources, has expressed the possibility of increasing the prices of petroleum products. According to the news, the government of Pakistan may increase the prices of petroleum products due to rising oil prices in the global markets. The government in Pakistan reviews petroleum prices every fortnight.
Pakistani rupee getting weaker
According to the news, if the Government of Pakistan adjusts the loss of exchange rate against the previous review, then this increase can be up to Rs 14 per liter. In the last review, the government did not pass on the public the burden of the weakening of the Pakistani rupee against the dollar. This gave some relief to the people of Pakistan.
This is the price of petrol now
The current price of petrol at the oil depot in Pakistan is Rs 272 per litre. If the government puts the burden of global oil price hike on the consumers, then this price can go up to Rs 286.77 per litre. In Pakistan, the government also imposes a cess of Rs 50 per liter on petrol.
Diesel prices may remain stable
However, there is less possibility of any change in the price of high-speed diesel. If the government does not adjust the exchange rate deficit, then diesel prices may fall by up to Rs 15 per liter.
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