The Pakistani government has announced a hike in the prices of petrol and diesel by Rs14.85 per liter, effective from midnight tonight. This is the third increase in fuel prices in the last two months, and it comes at a time when the country is facing a severe economic crisis.
The price of petrol will now be Rs248.74 per liter, while diesel will cost Rs276.95 per liter. The government has justified the hike by saying that it is necessary to cover the rising cost of imported fuel. However, critics have argued that the government is simply trying to pass on the burden of its economic mismanagement to the people.
The hike in fuel prices is likely to have a significant impact on the Pakistani economy. It will push up inflation, making it more expensive for businesses to operate and consumers to buy goods and services. It will also make it more difficult for the government to balance its budget.
The government has said that it is taking steps to mitigate the impact of the fuel price hike on the poor and vulnerable. However, it is unclear how effective these measures will be.
The fuel price hike is likely to lead to widespread discontent among the Pakistani public. It is a major challenge for the government, which is already struggling to maintain stability.
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