Canada Global (Web News) As Pakistan struggles to meet the requirements of the International Monetary Fund (IMF) for the revival of a badly needed loan programme that has been stalled since September of last year, Finance Minister Ishaq Dar announced an increase in petroleum prices of up to Rs35 on Sunday with immediate effect.
Since Saturday night, when news of the government’s plan to raise the price of gasoline first broke, people have been swarming to the gas stations to make panic purchases.
The cost of gasoline and diesel had increased by Rs35 per litre each, bringing the new costs to Rs249.82 and Rs262.80, respectively.
Kerosene oil prices jumped to Rs189.93 per litre after an increase of Rs18, while light speed diesel prices also increased by Rs18, to reach Rs187 per litre.
