In a swift move, the new Caretaker Prime Minister of Pakistan, Anwaar-ul-Haq Kakar, has given the green light to an increase in prices of petrol (Rs17.50) and high-speed diesel (Rs20). Effective immediately from 16th August 2023, petrol will be priced at Rs290.45 per liter, while high-speed diesel will be available at Rs293.40 per liter. This decision reflects a careful consideration of increase in International market, dynamics and aims to ensure a sustainable and balanced energy sector.
Fuel prices in Pakistan have experienced a notable constant surge, leaving consumers grappling with the burden of increased costs. This recent development has undoubtedly sparked concerns and discussions among individuals and businesses alike. As the nation navigates through these challenging times, it becomes imperative to explore innovative solutions and strategies to mitigate the impact of these rising fuel prices.
