Delhi: Pakistan is once again moving towards economic crisis. Fuel prices have skyrocketed in Pakistan. On the other hand, the Pakistani rupee has come down to a record low against the US dollar. As a result, the already skyrocketing inflation has further increased. At the same time, State Bank of Pakistan has increased the interest rates to 17 percent. Because the rate of inflation in the country has reached 30 percent. The Government of Pakistan has increased the price of petrol and diesel by Rs 35 per litre.
Effective from 11 pm on 29 January
Pakistan’s Finance Minister Ishaq Dar has announced an increase in fuel prices. The new prices have become effective from 11 pm on January 29. Along with this, the price of kerosene and diesel has been increased by Rs 18 per litre. Pakistan’s Finance Ministry said in a tweet that the new price of petrol will be Rs 249.80 per liter and diesel Rs 262.80 per litre. Dar insisted that the government has minimally increased the prices of petroleum products as per the directions of Prime Minister Shehbaz Sharif. Isaac Dar said that the value of the Pakistani rupee has declined significantly in the last week.
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The price will increase by Rs 50 more
At the same time, there has been an increase of 11% in the price of petroleum products at the international level. After October 2022, the prices of petroleum products were not increased. He said that despite international prices and rupee depreciation, we have made minimum increase in the prices of four products as per the instructions of Prime Minister Shehbaz Sharif. Dar expressed hope that the announcement of new prices would put an end to rumors related to the supply of petroleum products. He said that the prices of petrol and diesel may increase by Rs 50, such reports are being seen on social media.