look news india
The Shahbaz government has once again given a shock of inflation to the people of Pakistan. The central government of Pakistan has increased the prices of petrol and diesel drastically, which has been implemented from July 1. The increased prices will come into effect from Monday i.e. July 1. The Finance Ministry has issued a notification in this regard. According to reports, the increased prices of petrol and diesel will remain effective for the next 15 days. This decision has been taken due to global fluctuations in oil prices.
How much did the price increase?
The price of petrol in Pakistan has been increased by Rs 7.45, after which petrol will now be sold in Pakistan at Rs 265.61 per liter. Earlier, petrol was being sold in Pakistan at the price of Rs 258.16 per liter. Apart from this, the price of diesel has been increased by Rs 9.60 per liter, after which the price of diesel in Pakistan has now reached Rs 277.49 per liter. Earlier, the price of diesel was Rs 267.89 per liter.
Efforts to solve Pakistan's economic crisis
The increase in petroleum products has created more problems for the people of Pakistan, who are already facing the brunt of inflation. This will now have a direct impact on transportation, which will lead to an increase in freight and transport fares, after which food prices will also increase. The Pakistan government is trying to overcome the country's economic crisis by increasing petroleum products. This increase has caused deep concern among traders and consumers in Pakistan.
What did the Finance Ministry of Pakistan say?
Pakistan's Finance Ministry has indicated that the adjustment has become necessary to curb economic uncertainty and maintain fiscal balance. The ministry has requested stakeholders to immediately implement the revised petroleum prices. Petrol prices in Pakistan were reduced four times before Eid, after which the price of petrol went below Rs 35.