In a shocking state of affairs, the petrol and diesel cost in Pakistan is now the highest ever at Rs 311/litre. In fact, the prices breached the Rs 300-mark for the first time ever. This is the second time the prices have gone up in a matter of 30 days. At the moment, a litre of diesel costs Rs 311 (Pak), while a litre of petrol retails for Rs 305 (Pak). This marks an increase of Rs 18.44 (Pak) and Rs 14.91 (Pak) respectively. The country is already in a bad shape with various crisis. These fuel prices are bound to leave the general public helpless. Here are the details.
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Petrol and Diesel Cost in Pakistan
The video comes from Firstpost on YouTube. It is a prominent digital media outlet. Among various international news, the case of the fuel prices in our neighbouring country is shocking. You must have heard about the prices of everyday commodities like food, and electricity, being astronomical in the last few months. As a matter of fact, Pakistan is seeking a bailout from the IMF (International Monetary Fund) worth $3 billion. It is a common practice that countries follow when they are going through a crisis situation. We have seen this with Egypt and Sri Lanka.
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However, these bailouts come with certain conditions. In Pakistan’s case, the IMF asked it to cut its defence budget allocation by 10-20%. But, unsurprisingly perhaps, Pakistan increased its defence budget by a whopping 16% compared to the previous year. What’s worse is that they increased the taxes of petrol and diesel. This led to the unprecedented fuel prices the country is currently witnessing. That is in line with how well it treats it Army. It also, unequivocally, goes to reveal just how little they think of their citizens.
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What Locals Say
The poor citizens are left with no option but to curtail the use of vehicles. They simply can’t afford to travel in their cars. The situation with food and electricity is already crippling the economy. Many of them can’t afford fruits and vegetables. This increase in fuel prices will directly lead to further increase in the food prices as the transport of the commodities will get more expensive. The interview with the locals narrates their pitiful condition. They are evidently frustrated with this situation. But they can’t do anything about it as long as the government keeps prioritizing the Army above everything else.
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