Petrol and diesel prices in Pakistan have increased, causing financial hardship for the people.
Petrol now costs Rs26.02 more per liter, while high-speed diesel costs Rs17.34 more.
Petrol has reached an all-time high in Pakistan, reaching Rs331.38 a liter, while high-speed diesel now costs Rs329.18 per liter.
However, when compared to neighboring South Asian countries, Pakistan’s fuel prices appear to be lower.
Yet, if we look at neighboring South Asian countries, Pakistan’s fuel prices seem better.
Read More: https://www.economy.pk/caretaker-govt-jacks-up-petrol-and-diesel-prices-yet-again/
In nearby countries, fuel costs per liter in Pakistani Rupees are as follows:
- India: Rs381
- Bangladesh: Rs345
- Sri Lanka: Rs391
- China: Rs385
In comparison, Pakistan’s fuel prices are relatively low.
Here are some global petroleum prices in Pakistani rupees per liter:
- Saudi Arabia: Rs196
- Japan: Rs356
- The United States: Rs275
- Qatar: Rs170
- Malaysia: Rs160
While fuel prices in Pakistan have risen, they are still lower than in some other countries.
The increase is primarily due to developments in the global market. According to an agreement with the IMF, Pakistan is progressively raising fuel prices to meet international rates. As a result, petroleum product prices have risen by Rs60 per liter.
The government expects to earn Rs869 billion in petroleum levies in the current fiscal year, up from Rs542 billion in the previous fiscal year.
