Pakistan
Pakistan: Petrol, diesel prices spike, cross Rs.330 mark
Pakistan's caretaker government has increased the price of petrol and high-speed diesel (HSD) by Rs26.02 and Rs17.34 per litre, giving more hard times to consumers.
The new hike has ticked up the price to over Rs330.
This is on top of Rs32.41 and Rs38.49 per litre increase in petrol and HSD prices in the last two fortnights since August 15. The combined increase now works out at Rs58.43 and Rs55.83 per litre within one month, reports Dawn News.
The increase in petroleum prices came on the heels of over 27.4pc increase in the rate of inflation in August that would also have a lag effect on general prices in the country over the coming days and weeks, the Pakistani newspaper reported.
Since the caretaker government came to power in the country, petrol and diesel have become costlier by 20 percent.
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