Pakistanis are getting ready for another increase in petrol prices amid record inflation, high utility bills, and rising costs of everyday goods. The country, with over 240 million people, is facing a potential rise in petrol prices by up to Rs8 per litre starting April 16.
Following last month’s increase, the federal government is expected to announce another notable rise in petrol prices as the International Monetary Fund (IMF) continues to push for more taxes. This increase will raise the price of petrol to Rs298 per litre from its current price of Rs289.41, which already included a Rs9.66 hike on March 31.
Diesel prices may also fluctuate, with the price possibly reaching around Rs282.24, marking a decrease of Rs3.32. However, even a slight rise in diesel prices could still have an impact on inflation since diesel powers commercial vehicles that transport food and agricultural equipment.
Fuel prices in Pakistan are adjusted every two weeks, taking into account international prices and changes in the exchange rate of the local currency. The expected increase in petrol prices will likely add more pressure on the already struggling population, affecting their daily expenses and overall cost of living.
