Amid the worst economic crisis, the Pakistan Government burdened its citizens with a rise in the prices of fuels in the nation.
In effect from the 16th of February, Thursday, Pakistani citizens would pay PKR 272/ litre for petrol, whereas PKR 280/litre for diesel. According to sources, petrol prices have gone up by PKR 22.20, while diesel has been hiked by around PKR 17.
In addition, kerosene oil has also become costlier and will retail at PKR 202.73/litre.
The increase in fuel prices will inflict more pain on the already burdened citizens of the South Asian nation that is facing its worst economic crisis in history. Recently, milk, meat and chicken prices also witnessed a skyrocketing price, burning pockets of the common man in Pakistan.
The announcement about the hike comes just a few hours after the Shehbaz Sharif Government tabled a supplementary finance bill in the Pakistan National Assembly. On the 15th of February, Wednesday, the Government of Pakistan proposed a bill to hike goods and services tax to 18%, which resulted in a price hike of essential commodities including milk, chicken, meat and ration. The move was taken with an aim of raising PKR 170 billion in revenue to tackle the ongoing economic crisis.
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