In a recent turn of events, Pakistan’s caretaker government surprised the nation with yet another increase in petroleum prices with effect from February 1.
Petrol by 13, diesel by 2
As per the official readings, after adding Rs.13.55, the new petrol price has reached 272.89, and diesel, with an up of Rs.2.75, reached Rs.278.96. Meanwhile, the kerosene price is decreased by 24 paise per liter.
The official PR:
Pakistan’s Oil and Gas Regulatory Authority (OGRA) announced a revised LPG price of Rs.17 reaching Rs.267.60. In addition, the shortfall of gas is now forcing citizens to switch to domestic LPG cylinders which now cost Rs.3,400.
Also read: Cash-Strapped Pakistan Seeks $2 Billion Loan From China For One Year: Report
Sources reveal that this revision took place because of circulating tensions in the Middle East with the fluctuation of prices for oil under economic consideration.
The massive increase follows a period of relief since November 2023, signaling the intricacies of the country’s economic condition. As the nation braces for a fortnightly change, the impact of these fluctuations on the daily lives of citizens remains a crucial aspect to monitor in the coming days.
What do you think of the story? Share your thoughts with us in the comments section below!
