Petrol Rate Increased: Pakistan, which is facing huge economic crisis, has increased the price of petrol by Rs 10 per litre. There has been a huge fall in the value of currency in the country facing severe economic crisis. In such a situation, the problems of the people who are already troubled by the skyrocketing inflation have increased. After the latest increase, the price of petrol in Pakistan has now increased to Rs 282 per litre.
Pakistan's Finance Minister announced
Pakistan's Finance Minister Ishaq Dar announced the price hike in a late night live broadcast saying that there has been no change in the prices of diesel and light diesel oil. Their prices will be Rs 293 and Rs 174.68 per liter respectively. The price of kerosene has also increased by Rs 5.78 to Rs 186.07 per litre.
New prices will be applicable from late tonight
The Finance Minister of Pakistan said that the new prices will become effective from 12 midnight on Sunday (April 16). Ishaq Dar accepted that this amendment was necessary because the prices of petroleum products have increased in the international market in the last 15 days.
Organization of OPEC countries had announced reduction in oil production
The Organization of the Petroleum Exporting Countries (OPEC+) announced production cuts earlier this month. Since then the prices of crude oil have increased and the prices of crude oil have increased for oil importing countries around the world.
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