Cruel raise in POL prices as petrol rate goes up by Rs10.49 per litre

High speed diesel up Rs12.44 per litre, kerosene oil by Rs10.95 per litre

By: News Desk      Published: 09:13 AM, 16 Oct, 2021
petrol price hike
Representational image.

The Pakistani public already crushed by the unbridled inflation was again thrown into deep trouble by the insensitive rulers who have raised the prices of petroleum products by up to Rs12.33 percent, reported 24NewsHD TV channel.

There have been cruel leaders at all times and ages in Pakistan’s history, but the ruthlessness of these leaders towards the public surpasses all.

Increasing the rates for the several straight weeks, the Federal Finance Ministry on Saturday morning announced alarming rise in prices of different petroleum products.

The price of petrol has gone through the roof with an increase of Rs10.49 per litre which means the petrol will now be available to commuters at record Rs137.79 per litre – a historic figure.

Similarly, the price of high speed diesel was also fuelled by Rs12.44 per litre, kerosene oil by Rs10.95 per litre and light speed diesel rate also became dearer by Rs8.84 per litre.

The insensitive raise in POL prices would no doubt bring another burning wave of price hike in all sectors including transport.

Also Read: Cabinet nods to raising electricity prices by Rs1.68 per unit

The people already hit hard by the skyrocketing inflation would suffer further as food, energy and transport costs would all rise rapidly, adding to the strain Pakistanis were already dealing with by making ends meet.

Also Read: Hefty increase in rates of utility store items notified

Rs30 increase in last four months

The federal government has increased the prices of petroleum products (POL prices) for the eighth time in the last four months.

Since June 15, the prices of petroleum products have gone up by Rs 30.70 per liter.

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The price of high-speed diesel has been increased by Rs 23.72 per liter, the price of light diesel has been increased by Rs 30.70 per liter while the price of kerosene has been increased by Rs 30.26 per liter in last for months.

Also Read: PML-N submits resolution in PA against hike in POL prices

Reporter Awais Kiani