Petrol prices in Pakistan reach 534 rupees per liter after 200-rupee hike
Petrol prices in Pakistan have surged by 200 rupees to 534 rupees per liter, marking the second unprecedented increase in petroleum product prices this month.
The sharp rise has triggered widespread concern in the transport sector, with fears that the economic and livelihood situation could deteriorate further. Drivers and transport companies have warned that the ongoing trend may cause serious disruptions to transport activities.
Pakistani officials have offered no official explanation for the sudden hike despite public reactions.
Economic experts say the increase is placing additional strain on Pakistan's fragile economy, potentially leading to higher inflation, reduced purchasing power and deeper recession in markets.
In response to a previous fuel price increase, the Pakistani government halted 60 percent of transport services, temporarily closed schools and universities, and shifted 50 percent of government employees to remote work. These measures highlight the severity of the country's economic crisis.
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