Islamabad. Struggling with the deteriorating economic situation in Pakistan, it has been decided to increase the price of petrol and diesel by Rs 35 per liter. The government implemented the increased prices of petrol and diesel from 11 am on January 29. Pakistan’s Finance Minister Ishaq Dar announced an increase of Rs 35 in petrol and diesel prices in a televised address on Sunday morning, minutes before the new prices came into force. In a televised address that began at 10:50 am, Dar announced the price hike, which came into effect only 10 minutes later.
According to a news in the newspaper ‘Dawn’, Pakistan’s Finance Minister Ishaq Dar said that the market of speculation is hot on social media about the increase in the prices of petrol and diesel by Rs 50. Because of this, we have received reports of a shortage of petrol and diesel in the market. To end this situation, the government has decided to increase the price. Petrol is being sold in Pakistan at Rs 249.80 per liter, high-speed diesel at Rs 262.80 per liter, kerosene at Rs 189.83 per liter, and light diesel at Rs 187 per liter till 11 am on January 29.
By increasing the price, the rumors will be dispelled. The rumors of stopping the supply of petrol will be dispelled.
Dar said that the Pakistani rupee devalued last week and the prices of petroleum products have increased by 11 percent in the international market. Minister Ishaq Dar said that in the last four months, from October to January 29, the prices of petrol were not increased. Actually, the prices of diesel and kerosene were reduced. Dar said that despite the increase in prices in the international market and the devaluation of the rupee, on the instructions of Prime Minister Shahbaz Sharif, we have decided to increase the prices of these four petroleum products as little as possible. He said that it has been decided to increase the price of petrol and diesel by Rs. While the price of kerosene oil and light diesel has been increased by Rs 18 each. Minister Dar hoped that after the announcement of new prices
Long queues at petrol pumps across the country
While rumors of a steep hike in petrol prices led to long queues at petrol pumps in several parts of the country on Saturday ahead of the announcement by Finance Minister Ishaq Dar. Meanwhile, petrol was available at only 20 percent of pumps in Gujranwala, while Rahim Yar Khan, Bahawalpur, Sialkot, and Faisalabad also reported acute shortages of petrol and diesel.