Inflation bomb will explode in Pakistan, petrol will become costlier by Rs 4 and diesel by Rs 5

Neighboring country Pakistan is once again falling into the valley of inflation. After the recent increase in fuel prices in Pakistan, prices are likely to increase again. Due to increase in prices in the international market, Pakistan will increase the import of petrol, due to which the price will increase by four to five rupees per liter.

In the international market, the prices of petrol and diesel have increased by about $ 1.7 and $ 4.4 per barrel. Apart from this, the import premium on petrol has also increased by about $1 per barrel to $9.80 per barrel, while this premium remains stable at $5 per barrel.

Petrol diesel prices may increase

Earlier on October 31, the government had increased the price of petrol by Rs 3.85 and high-speed diesel by Rs 1.35 per liter. Now after this new change, the price of petrol and HSD will again increase by Rs 4 and 5 per liter.

The price of petrol in the international market has reached $77.2 per barrel, which was earlier $75.6 per barrel. Similarly, the price of HSD increased from $ 88 per barrel to $ 83.6 per barrel. There has also been a slight change in the exchange rate of the rupee, which may lead to further increase in the price of imported oil.

Inflation in Pakistan makes me sick

Petrol is mainly used in private vehicles, small vehicles, rickshaws and two-wheelers and the price increase will have a direct impact on the budget of the middle class and the poor. On the other hand, HSD is used in heavy vehicles, trains and agricultural engines like trucks, buses, tractors, tube wells and threshers, which may also increase the prices of vegetables. Understand that sooner or later Pakistan may fall into the grip of inflation.

Petrol and HSD are important revenue sources of the government. Their monthly sales are around 7 lakh to 8 lakh tonnes, while the demand for kerosene is limited to only 10,000 tonnes. The rising prices of petrol and HSD not only put pressure on the common man, but can also increase inflation, affecting everyone from farmers to the transport sector.