Pakistan hikes petrol prices again, diesel to be PKR 7 costlier

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Pakistan hikes petrol prices again, diesel to be PKR 7 costlier

Pakistan Government Increases Petrol and Diesel Prices Again

The Pakistan government has announced a new increase in petrol and diesel prices for the upcoming fortnight. Diesel prices have seen a significant rise of PKR 7 per litre, bringing the new price to PKR 267.95. Petrol prices have also increased by PKR 1, now costing PKR 257.13 per litre.

Earlier, on January 1, the government had raised the price of high-speed diesel by PKR 2.96 per litre and petrol by 56 Pakistan paisas per litre. The updated prices at that time were PKR 252.66 for petrol and PKR 258.34 for diesel.

Opposition parties, including former Prime Minister Imran Khan's Pakistan Tehreek-e-Insaf (PTI) and Jamaat-e-Islami, have expressed strong disapproval of these price hikes. Jamaat-e-Islami Emir Hafiz Naeem-ur-Rehman condemned the increase, calling it "shameful" and criticized the government for failing to provide relief to the public and industrial sectors, especially as international prices are decreasing.

Doubts Revealed

PKR

PKR stands for Pakistani Rupee, which is the currency used in Pakistan, similar to how we use Indian Rupees (INR) in India.

Petrol and Diesel Prices

Petrol and diesel are types of fuel used in vehicles. When their prices go up, it means it costs more money to fill up a car or bike, which can make transportation more expensive.

Opposition Parties

Opposition parties are political groups that are not currently in power. In Pakistan, PTI (Pakistan Tehreek-e-Insaf) and Jamaat-e-Islami are some of the parties that are opposing the current government's decisions.

Inflation

Inflation is when the prices of goods and services go up over time, making things more expensive for people to buy. It can make it harder for families to afford everyday items.

International Prices

International prices refer to the cost of goods, like oil, on the global market. Sometimes these prices go down, but local prices might still go up due to other factors.