Petrol-Diesel Price: Another disaster on the poor people of Pakistan, petrol became expensive again, still cheaper than India – petrol-diesel are cheaper in Pakistan compare to India
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Pakistan’s Finance Minister Ishaq Dar announced the hike in prices in a live broadcast late on Saturday. Dar admitted that the change in prices was necessary as the prices of petroleum products have increased in the international market in the last 15 days. The Organization of the Petroleum Exporting Countries (OPEC+) announced production cuts earlier this month. Since then the prices of crude oil have increased. However, even after this increase, the price of petrol in Pakistan is less than in India. Petroleum marketing companies in India last changed the price of petrol and diesel in April last year. After that, in May, the central government had cut excise on petrol and diesel.
Petrol-diesel is cheaper than India
Petrol currently costs Rs 96.72 in Delhi, which translates to Rs 335.91 in Pakistani rupee. Similarly, the price of diesel in Delhi is Rs.89.62. In Pakistan rupees, the price of diesel in India currently stands at Rs 311.25. That is, the price of petrol and diesel in India is higher than in Pakistan. Petrol in Pakistan is Rs 282 a liter and diesel is Rs 293 a litre. According to the current currency exchange rate, one rupee of India is equal to 3.47 rupees of Pakistan. Internationally, the price of crude oil is currently running above $86 per barrel.
(with input from language)
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