AIRLINK 69.92 Increased By ▲ 4.72 (7.24%)
BOP 5.46 Decreased By ▼ -0.11 (-1.97%)
CNERGY 4.50 Decreased By ▼ -0.06 (-1.32%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.85 Decreased By ▼ -0.11 (-0.16%)
FCCL 20.02 Decreased By ▼ -0.28 (-1.38%)
FFBL 30.69 Increased By ▲ 1.58 (5.43%)
FFL 9.75 Decreased By ▼ -0.08 (-0.81%)
GGL 10.12 Increased By ▲ 0.11 (1.1%)
HBL 114.90 Increased By ▲ 0.65 (0.57%)
HUBC 132.10 Increased By ▲ 3.00 (2.32%)
HUMNL 6.73 Increased By ▲ 0.02 (0.3%)
KEL 4.44 No Change ▼ 0.00 (0%)
KOSM 4.93 Increased By ▲ 0.04 (0.82%)
MLCF 36.45 Decreased By ▼ -0.55 (-1.49%)
OGDC 133.90 Increased By ▲ 1.60 (1.21%)
PAEL 22.50 Decreased By ▼ -0.04 (-0.18%)
PIAA 25.39 Decreased By ▼ -0.50 (-1.93%)
PIBTL 6.61 Increased By ▲ 0.01 (0.15%)
PPL 113.20 Increased By ▲ 0.35 (0.31%)
PRL 30.12 Increased By ▲ 0.71 (2.41%)
PTC 14.70 Decreased By ▼ -0.54 (-3.54%)
SEARL 57.55 Increased By ▲ 0.52 (0.91%)
SNGP 66.60 Increased By ▲ 0.15 (0.23%)
SSGC 10.99 Increased By ▲ 0.01 (0.09%)
TELE 8.77 Decreased By ▼ -0.03 (-0.34%)
TPLP 11.51 Decreased By ▼ -0.19 (-1.62%)
TRG 68.61 Decreased By ▼ -0.01 (-0.01%)
UNITY 23.47 Increased By ▲ 0.07 (0.3%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,399 Increased By 104.2 (1.43%)
BR30 24,136 Increased By 282 (1.18%)
KSE100 70,910 Increased By 619.8 (0.88%)
KSE30 23,377 Increased By 205.6 (0.89%)

The caretaker government announced another massive hike in petrol and diesel prices, which took their rates to Rs331.38 and Rs329.18 per litre, respectively. The price of petrol has been increased by Rs26.02 per litre, and high-speed diesel (HSD) by Rs17.34 per litre.

The new prices take effect from September 16, 2023.

This is the fourth successive increase in prices of petroleum products and cumulatively takes the rate of these products over 30% higher since July 31.

Business Recorder had reported earlier that the government could raise the ex-depot prices of petroleum products by up to Rs10 per litre.

However, this increase is higher than expectations, and substantially raises inflationary outlook that only on Thursday was given a different picture by the State Bank of Pakistan (SBP) when it kept the key policy rate on hold at 22%.

Earlier hikes

The caretaker government had earlier announced an increase in the price of petrol by Rs14.91 per litre, and HSD by Rs18.44 per litre. That increase took the rates to Rs305.36 and Rs311.84 per litre, respectively, with effect from September 1.

Before that, a day after taking charge, Caretaker Prime Minister Anwaar-ul-Haq Kakar had approved a Rs17.50 hike in petrol price and Rs20 in the price of high-speed diesel. This increase came into effect on August 16.

Earlier, the then-coalition government had increased the price of petrol and high-speed diesel (HSD) by nearly Rs20 per litre. This was with effect from August 1.

Also read:

Comments

Comments are closed.

Hussain Afzal Sep 16, 2023 12:13am
Caretaker government is taking care of the masses, we the masses highly appreciate this....
thumb_up Recommended (0)
TidBit Sep 16, 2023 12:32am
Caretaker announced that economic recovery is around the corner. This is just temporary until they all poor people are crushed.
thumb_up Recommended (0)
Walkie Sep 16, 2023 12:38am
abey...kis ka care-take karaha hai yeh govt
thumb_up Recommended (0)
faisal Sep 16, 2023 12:52am
Good thing. People should pay what it cost. We need to use public transport and walk.
thumb_up Recommended (0)
Kashif ALI Sep 16, 2023 01:20am
this is a limited time offer - only for 15 days. Which fuel do the people prefer? Hurry-up. Yes, this is the time that public at large needs to live within their means. Whatever cannot be afforded by them, they must stop using that. Shun the mobiles, their chargers. Dispose off the loader rickshaw and get back to donkey carts. This will help save the fuel and electricity both. When on wheels, I don't see anyone suffering from such price hike in the fuel - in terms of transportation. People are indifferent. Yes, public transport must be encouraged by all means.
thumb_up Recommended (0)
Usman Sep 16, 2023 08:23am
Well the best way is to stop driving and start using cycles.leave the cars at home and ket the rich pay as they wont use cycles.
thumb_up Recommended (0)
imdad kolori Sep 16, 2023 08:52am
All those people not getting free petrol and not working on govt jobs . Please think about your kids and leave this country . All those people justifying the hike remember the are the masters and you are the slave
thumb_up Recommended (0)
Aneesh Suhravardi Sep 16, 2023 10:27am
Well!!! these are advance gifts for the public from Mian Sharif before his grand return.....
thumb_up Recommended (0)
KU Sep 16, 2023 10:50am
It may seem like the same old argument in the same old bottle, but what about the common man who is faced with low wages, low salaries, unemployment, and inflation? If this is not a shameful display of incompetence, then what is?
thumb_up Recommended (0)
Aamir Sep 16, 2023 01:17pm
"So what? Tou Kya hua?" Caretaker PM
thumb_up Recommended (0)
Test Sep 16, 2023 04:57pm
Meezan Bank is one of the cheater bank who exploit religion to earn money and provide Haram profit to the account holders and investors. The earn lots of interest by providing loans to government at higher rate resulted in higher inflation and rupee devalue. They are the hypocrites.
thumb_up Recommended (0)
Tulukan Mairandi Sep 16, 2023 06:45pm
They should charge an estra PKR25 for families and dependents of overseas Pakistanis while reducing it for full on locals
thumb_up Recommended (0)
Az_Iz Sep 16, 2023 07:00pm
Crude prices have gone up. And the country does not have money to subsidize. And the prices are in line with what people in most countries are paying, including those in high income as well as low income countries.
thumb_up Recommended (0)
Az_Iz Sep 16, 2023 07:07pm
Petrol prices in high income countries like USA as well as low income countries like India, Pakistan and Bangladesh are more or less same. No more selling of petrol at half the price. No more keeping the rupee value high. The country does not have the money to pay for it.
thumb_up Recommended (0)
Az_Iz Sep 16, 2023 07:14pm
The country will generate about $3 billion thru Petroleum levy. It was almost spending $1 billion just imported cheese. Had the country saved about $4 billion a year for a few years, that would have been enough to build Bhasha dam, ML 1 railway, a refinery and a few power plants with its own resources, and things would have been much better. Instead it was selling petrol at half the price. It simply cannot go on living like this, when it does not have the money.
thumb_up Recommended (0)
Az_Iz Sep 16, 2023 07:18pm
Sell petrol at half the price. Import cheese worth $1 billion every year. And when there is no money, go around looking for loans. Once a loan is obtained, go around spreading the good news. And take credit for having averted a crisis. The country should aim higher. It will not progress doing this.
thumb_up Recommended (0)
Naveed Sep 16, 2023 08:50pm
Why not end the free facilities for those who are getting it in whatever capacity? Why only we the people (awam) face the brunt of the situation and why hot these so called elite? Are they getting lower salary than a common man? If a school teacher, a rickshaw driver, a factory labourer has to pay their electricity and fuel charges then why not these people. Stop lecturing.
thumb_up Recommended (0)