The government has announced another fuel price hike, increasing petrol by Rs. 1 per liter and diesel by a staggering Rs. 7 per liter. The new rates are effective immediately, adding further pressure on consumers already battling high inflation.
According to officials, the surge is due to fluctuations in global oil prices and the ongoing depreciation of the Pakistani rupee. However, this decision has sparked public outrage, with transporters and business owners warning of increased fares and product costs.
Experts predict that the hike in diesel prices will have a direct impact on transportation and agriculture, leading to higher food prices and further economic strain. Opposition parties have strongly condemned the increase, calling it an unfair burden on the people. As inflation continues to rise, citizens are demanding urgent relief measures.