Pakistan Railways on Wednesday announced to increase in railway fares following the recent hike in petroleum products across the country.
According to details, the railway ministry increased train tariffs by 8% effective immediately. All trains and classes, with the exception of Green Line, will see a fare hike.
A spokesman for Railways stated in a statement that the ministry decided to hike the fares as a result of the recent increase in diesel prices, which added an additional burden of more than Rs10 million per day.
It is important to note that Pakistan’s Finance Minister Ishaq Dar has announced a 35-rupee increase in the price of gasoline and diesel per litre, effective as of January 29.
Ishaq Dar claimed during a televised speech that the cost of gasoline goods had increased by 11% on the global market.
Dar also announced an increase of Rs. 18 per litre in the price of light diesel and kerosene.
Petrol will cost Rs 249.80, diesel Rs 262.80, kerosene oil Rs 189.83, and light diesel Rs 187 after the most recent round of price increases.
Transporters increase fares after hike in petrol prices
The minister claimed it there had not been a rise in petroleum product prices over the previous four months and noted that petrol and kerosene oil prices had also decreased during that time.
The minister continued by stating that the rumours had also caused a fake shortage of petroleum products on the market.