Islamabad: The caretaker government of Pakistan has once again increased the prices of petrol and diesel to a record level. In Pakistan, which is facing severe cash crunch, the price of petrol and diesel has gone up to around Rs 330 per liter, while the inflation rate has already reached double digits.
After getting the approval of Caretaker Prime Minister Anwarul Haq Kakar, the Finance Ministry on Friday night issued an order to increase the price of petrol by Rs 26.02 and diesel by Rs 17.34 per liter. After this, the prices of petrol and ‘high-speed’ diesel (HSD) have increased by more than Rs 330 per liter.
Newspaper ‘Dawn’ said that the prices of petrol and diesel reaching Rs 330 per liter is like breaking of a psychological barrier. The hike in fuel prices comes after inflation rose by more than 27.4 percent in August.
Earlier on September 1 also, the caretaker government had increased the prices of petrol and diesel by Rs 14 per liter. The increase in prices of these petroleum products twice in a fortnight will increase the economic burden on the people of Pakistan. Petrol and HSD are used by all private and public service vehicles.