Pakistan Petrol Prices Soar Amid Global Oil Crisis
Pakistan has raised petrol and diesel prices by up to 55% due to spiking global oil prices amid the US-Iran conflict. The government increased prices to control consumption and maintain fiscal discipline, while providing subsidies to deserving segments.
Pakistan has increased petrol and diesel prices. The price of petrol rose by 42.7% to Rs 458.41 per litre, while diesel increased by 55% to Rs 520.35 per litre. The government also adjusted petroleum levy rates. The decision aims to restrict subsidies and maintain economic stability. The government will provide subsidies to motorbike owners, intercity transport, and small farmers.
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