It will be a bombshell for Pakistani middle-class citizens if the price of gasoline increases by Rs32.07, or 12 percent.
Due to the inflation crises and price increases, the Pakistani Awaam is already in the most dire situation. Especially gasoline prices have skyrocketed since the current administration assumed power.
Two days ahead of schedule, the price of gasoline increased by Rs35 per litre on January 29 of last month.
Citizens may anticipate a further increase in gasoline prices, which may bring about a period of darkness.
The price of petrol may rise by up to 32 rupees.
The ex-depot per litre price of petrol is estimated to increase by Rs32.07 (12 percent), high-speed diesel (HSD) by Rs32.84 per litre (12.5 percent), kerosene oil by Rs28.05 per litre, and light diesel oil (LDO) by Rs9.90 per litre, according to a variety of sources.
According to the sources, the new prices are likely based on current government taxes and estimated PSO incidentals.
They added that the estimated dollar/rupee adjustment applies Rs15 per litre to both products (petrol and HSD) and that the petroleum levy (PL) on HSD will increase to Rs50 per litre.
Look at Pakistan’s economic crisis condition to see that the country has already entered the darkest phase of crisis.
The second quarter will be challenging.
If the estimated increase is approved, the new price of petrol will be Rs281.87 per litre, according to sources.
During the second half of February 2023, prices for HSD were Rs295.64 per litre, kerosene oil was Rs217.88 per litre, and LDO was Rs196.6 per litre.
In Islamabad and Rawalpindi, chicken costs between Rs. 700 and Rs. 705 as of the previous week.