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Pakistan Petrol Diesel Price Hike: Another burden of inflation has fallen on the people of Pakistan. Shahbaz government has announced to increase the prices of petrol and diesel once again on Thursday, 30 April. According to the official notification issued by the Petroleum Division, this increase has been raised in view of the rise in crude oil prices in the market and increasing tension in the Middle East.

Price reached around Rs 400

According to the notification given by the government regarding the new prices, petrol prices will increase by Rs 6.51 per liter and high-speed diesel There has been a huge increase in the price of Rs 19.39 per liter.

After this increase, the new price of petrol in Pakistan is Rs 399.86 per liter and the price of high-speed diesel is Rs 399.58 per liter. These new rates will be applicable from May 1. Let us tell you that last Friday also the government had increased the prices of petrol and diesel by Rs 26.77 per liter.

Impact on Pakistan’s economy

Pakistan imports a large part of its fuel requirements, hence any movement in the international market has a direct impact on its economy. Due to these increased oil prices, inflation in the country has increased the transportation cost and pressure on the daily life of common citizens.

Prime Minister amid rising prices Shahbaz Sharif has taken some important steps for the general public. The Prime Minister has approved extension of the already announced subsidy for motorcyclists and transport operators by one month.

Under this scheme:

Motorcycle rider: Subsidy of Rs 100 per liter (maximum 20 liters per month).
Goods Trucks: Subsidy of Rs 70,000 per month.
Large Transport Vehicles: Subsidy of Rs 80,000 per month.
Public Buses: Subsidy of Rs 1,00,000 per month.

Big energy crisis facing the world

Two months have passed since the fighting started on February 28, but the situation is still out of control. Compared to the beginning of this year, the prices of Brent crude have increased more than double. If the Strait of Hormuz is not opened immediately, the world will face a major energy crisis, due to which unemployment and inflation will increase rapidly.