Shehbaz Sharif: Pakistani Prime Minister Shehbaz Sharif has approved a significant increase in the levy of high-octane fuel per litre. Sharif approved a hike of PKR 100 to make high-octane fuel priced at PKR 300.
Shehbaz Sharif-What Would Not Increase?
According to media reports, the increase would NOT impact air travel costs and public transport fares.
DON'T MISS
The meeting of Shehbaz Sharif was attended by Minister for Information and Broadcasting Attaullah Tarar, Minister for Law and Justice Azam Nazir Tarar, Finance Minister Muhammad Aurangzeb and Minister for Petroleum Ali Pervaiz Malik along with many other senior government officials.
On March 6 this year, the Pakistani government had raised the prices of petrol and diesel by PKR 55 per litre as oil prices surged globally. The announcement was then made at a press conference by Petroleum Minister Ali Pervaiz Malik alongside Finance Minister Muhammad Aurangzeb and DPM Ishaq Dar.
Price Increase Update
The new petrol price would be PKR 321.17 from PKR 266.17 while the price of diesel would be now PKR 335.86 from PKR 280.86. On March 10, fares were increased by Pakistani Airlines following a surge in jet fuel prices. According to media reports, prices of domestic flight tickets have been increased by 2800-5000. The increased flight rates would apply to flights from Islamabad, Lahore and other domestic airports.
Flight tickets to international destinations have been hiked by PKR 10000 to PKR 28000. In particular, air fares to Central Asian and Middle East countries have been increased by PKR 15000.
A significant majority of Pakistanis have blasted the decision of Shehbaz Sharif saying this would further deteriorate their financial situation. An increase in the prices of petrol and diesel in the terror state of Pakistan would translate to massive hikes in the prices of even basic essentials like milk, rice, fruits, vegetables and flour.
Would the massive inflation across the county force Shehbaz Sharif and Army General Asim Munir to beg yet again before the International Monetary Fund and the world?
