Govt Hikes Petrol Price by Rs.1.35 Per Litre

Starting November 1, the federal government has increased petrol prices by Rs1.35 per litre, setting the new rate at Rs248.38 per litre. This surprise decision comes alongside a rise in high-speed diesel prices, now Rs255.14 per litre after a Rs3.85 hike.

While petrol and diesel prices climb, kerosene and light diesel oil have seen slight reductions. For many families, especially those in the middle- and lower-income brackets, these changes mean tighter budgets, as the hike is likely to push transportation and food costs higher. Diesel, essential for moving heavy goods, will drive up the price of many everyday items, straining household finances.

Consumers had hoped for stable fuel prices amid the ongoing struggle with inflation. This latest increase, however, has added to the financial pressure on households and businesses alike. Rising transportation costs could prompt businesses to pass these increases onto customers, further raising prices on essentials.

This development underscores the need for careful fuel price management to avoid deepening the financial challenges faced by families nationwide.