Petrol and diesel prices in Pakistan rose again this week, marking the third increase in less than a month. The government announced the new rates, which are among the highest in the region. The hike comes amid rising global oil prices and inflationary pressures.
The price of petrol increased by 12.5% compared to the previous month, while diesel saw a 10% rise. Officials cited economic challenges and the need to stabilize the currency as reasons for the decision. Fuel prices have been a major point of public frustration, with many citizens struggling to afford basic necessities.
The government has not provided an immediate timeline for further adjustments, leaving uncertainty about future costs. Analysts warn that continued price hikes could worsen inflation and impact consumer spending. The situation remains under close watch as the country navigates economic instability.
