In a significant escalation, the Pakistani government has announced a Rs55 per litre increase in petrol and diesel prices, now set at Rs321.17 and Rs335.86 respectively. This decision is attributed to rising international oil prices due to the ongoing conflict in the Middle East and the government's commitment to meeting conditions set by the International Monetary Fund (IMF). Deputy Prime Minister Ishaq Dar highlighted that global oil prices have surged by 50% recently, prompting the need for this adjustment. The government is also facing economic challenges, including high inflation and pressure on foreign exchange reserves.
INTERNATIONALLast Update 8h ago
Pakistan Petrol Dealers Warn of Pump Closures Amid Supply Crisis
81% NEUTRAL
The Pakistani government has raised petrol and diesel prices by Rs55 per litre, now at Rs321.17 and Rs335.86, amid escalating tensions in West Asia and pressure from the IMF. A committee has been formed to monitor the situation and mitigate the impact on consumers.
Detailed Analysis
SOURCES
22 outlets · 174 articles
PNNpakistannews.net
STstartuppakistan.com.pk
DTPdailythepatriot.com
BRbrecorder.com
PPprofit.pakistantoday.com.pk
NPnukta.com
NLnukta.com
TLtribune.com.pk
TEtechjuice.pk
THtribune.com.pk
DPdigitalpakistan.pk
ARarabnews.pk
KHkhaleejtimes.com
TRtribune.com.pk
MOmofa.gov.pk
YT