Petrol prices have taken yet another sharp turn upward, leaving both commuters and transporters sighing in frustration.
Late Monday night, the federal government dropped the news many were dreading—a fresh hike in petroleum product rates. According to the Finance Division’s official notification, the petrol prices has soared by Rs8.36 per litre, while high-speed diesel (HSD) has jumped even higher—Rs10.39 per litre.
With this change, the petrol prices has risen from Rs258.43 to Rs266.79 per litre. Meanwhile, HSD now stands at Rs272.98, up from Rs262.59. These new rates came into effect at the stroke of midnight on July 1, hitting pockets without warning.
The government attributed the increase to global economic shifts, explaining that international oil market volatility has forced the adjustment. The decision follows recommendations by the Oil and Gas Regulatory Authority (OGRA) and relevant ministries, who routinely review fuel pricing every two weeks.
But for many everyday Pakistanis, this explanation offers little comfort. Each spike in the petrol prices sends ripple effects across the economy, from rising transport fares to costlier groceries.
While officials argue that the adjustments are necessary to align with global trends, the public sentiment tells another story. With inflation already pushing household budgets to the brink, this latest fuel hike feels more like salt in the wound than a step forward.
As the petrol prices continue to climb, the question remains: when will relief finally arrive for the people bearing the brunt?
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