After October 2014, Pakistan will witness high rates of petroleum in 2018.
The petroleum prices in Pakistan raised by 9 percent and this is a triggering factor for the inflation-effected country.
The mad-increase in petroleum prices will have a direct effect on transportation cost and other sectors of living.
Here are the new petroleum prices published in Dawn:
The ex-depot price of high-speed diesel (HSD) was increased by Rs2.62 (2.73 percent) from Rs95.83 to Rs98.45 and that of petrol by Rs3.56 (4.21pc) from Rs84.51 to Rs88.07 per litre.
The prices of kerosene and light diesel oil (LDO) were jacked up by Rs6.28 (about 8.94pc) from Rs70.18 to Rs76.46 and Re1 (1.55pc) from Rs64.30 to Rs65.30 per litre, respectively.
The first month of this year didn’t end very well as diesel prices were increased, and that too happened after 2014. Now, the end of February dropped another inflation bomb on Pakistanis.
This shows that the current government seems fine with the gradual increase in prices of diesel and petroleum, but the people of Pakistan aren’t okay with these frequent changes.