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Pakistanis prepare for upcoming petrol price increase before Eid-ul-Fitr

In the midst of a struggling economy, the government of Pakistan is preparing to announce a significant increase in petrol prices, adding to the burden of its citizens. With Eid-ul-Fitr approaching, the price of petrol is expected to rise by Rs 10-11 per litre due to higher import premium and global prices.

Government sources have indicated that the hike in fuel price will be officially announced on Sunday. The potential increase is a result of the increased import price of petrol, which has risen by about $4 per barrel, leading to an estimated increase of Rs 10-11 per litre.

An economic expert, Khaleeq Kiani, highlighted the impact of these rising prices on the working class and common man, who are already burdened with taxes. The expected increase will push petrol prices to over Rs 290 per litre, putting further strain on the everyday expenses of the citizens.

The impending hike in petrol prices has sparked concerns among the local residents, especially those who rely on vehicles for their livelihood. An auto-rickshaw driver in Rawalpindi expressed his worries about the impact on his daily earnings, stating that a further increase in fuel prices would leave him struggling to provide for his family.

Amidst the ongoing inflation and high prices of basic necessities, many middle-class families in Pakistan are finding it difficult to make ends meet. With no relief in sight, the middle class feels neglected by the government, as they continue to bear the brunt of economic hardships without any support or assistance.

In conclusion, as Pakistan braces for another increase in petrol prices, the citizens are left grappling with the harsh realities of a struggling economy. With no respite in sight, the impending hike in fuel prices threatens to further exacerbate the challenges faced by the common man, pushing them to the brink of financial instability.

IANS

IANS, established in 1986, is India's largest independent news service, offering 24x7 news from India and South Asia, and a preferred source for diverse content across six business verticals.

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