ISLAMABAD (Kashmir English): The federal government has increased the petrol price in Pakistan, effective from October 1, for a period of two weeks.
With an increase of Rs 4.7 per litre, the new price has been set at Rs 268.68, according to the finance ministry statement issued on Tuesday.
Similarly, the price of diesel has been increased by Rs 4.4, fixing it at Rs 267.81 per litre from Rs 272.77 per litre.
In the previous fortnight’s review, the federal government kept the petrol price unchanged at Rs 264.61 per litre. The price of diesel was increased by Rs 2.78 to Rs 272.77 per litre.
Petrol powers small vehicles, rickshaws, and bikes, making price hikes especially hard on middle- and lower-income households who depend on it for daily commuting.
In contrast, a substantial portion of the transport sector depends on high-speed diesel. Its price is considered inflationary due to its widespread use in trucks, buses, trains, and farm machinery, such as tractors and tube wells.
The increased cost of high-speed diesel directly contributes to the rising prices of vegetables and other essential food items.
