Petrol bomb explodes in Pakistan; you’ll be shocked to know the price
Inflation has already broken the back of poor Pakistan. After the massive increase in electricity tariffs, the petrol bomb of inflation has once again exploded on the troubled people of Pakistan. Yes, due to inflation, the burden of expensive petrol has increased on the people of Pakistan. The government of Pakistan has once again increased the prices of petrol and diesel. With this increase, for the first time in the history of Pakistan, the price of petrol and diesel has come close to Rs 300 per litre.
Petrol diesel prices have become so high
The interim government of Pakistan has increased petrol prices by Rs 9.99 per litre. Following this, the price of petrol increased to Rs 275.60. At the same time, the price of diesel increased by Rs 6.18, after which diesel became Rs 283.63 per litre.
Diesel petrol price has risen in Pakistan
By early July 2, prices had risen.
Just 14 days before this, on July 2, the prices of petrol and diesel were increased by Rs 7 and Rs 9 respectively. Express Tribune had reported in one of its reports based on the notification issued by Pakistan’s Finance Ministry that petrol prices had been increased by Rs 7.45 per litre and the price of high speed diesel (HSD) had been increased by Rs 9.56 per litre.
Pakistan government may increase oil tax
According to information, the maximum limit of petroleum tax has been proposed at Rs 80 per litre in the Finance Bill, 2024. This means that the government will increase taxes in the coming days. This will have a direct impact on the prices of petrol and HSD.
Pakistan is in debt
Shahbaz has been in a continuous economic crisis for the past few years. He has so much foreign debt that he is taking out a new loan every time to pay it off. This time he failed to get loans from other countries so he offered his money to the IMF. Who agreed to grant the loan but also ordered him to increase the tax rate. Following this order, Shahbaz’s government is continuously increasing taxes which has hurt the common people.
I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,
