Tag: petrol

Petrol and electricity price hike, public in chaos
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Petrol and electricity price hike, public in chaos

The government on Thursday strongly expanded fuel costs for public consumers by PKR 30 per liter to figure out an agreement with International Monetary Fund (IMF) preparing to save a $6 billion bailout bundle and settle the country's cratering economy in the midst of extending political disturbance. Moreover, The move raised fuel cost by around 20% taking it to the record high of 209.86 PKR per liter, fighting off worries that Pakistan, as of now faces twofold digit expansion. Moreover, The PML-N-drove alliance government expanded the costs of oil-based commodities by a similar sum on May 26. The greatest climb in the country’s history. In the interim, National Electric and Power Regulatory Authority (NEPRA) has supported an Rs. 8 for each unit expansion in power rates for the follo...
Petrol price increase by 30 PKR, a liter will now cost 180PKR
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Petrol price increase by 30 PKR, a liter will now cost 180PKR

Another blow has been dealt to the common man in Pakistan, as petrol price increase by Rs 30. This hike is effective as of midnight on Thursday May 26, 2022, according to the government. In Pakistan after this increase in petrol price, one liter of petrol will cost Rs 179.85 (Rs 180 approx.) and one liter of diesel will cost Rs 174.15. The announcement regarding the IMF bailout made at a press conference by Pakistan's Finance Minister Miftah Ismail. Who made the announcement. Just one day after the talks between the Pakistani government and the IMF in Qatar broke down. An agreement reached between the staff of the IMF. And the World Bank regarding the revival of a USD 6 billion programme. The hike in petrol prices will result in a price of Rs179.86 (almost Rs 180). A diesel price...