Lagatar24 Desk
Islamabad, Jan 29: Pakistan government announced an increase in petrol and diesel prices by Pakistan rupees (PKR) 35 per litre on Sunday and the price of kerosene oil and light diesel oil were increased by PKR 18 per litre.
Pakistan Finance Minister Ishaq Dar made the announcement regarding the increase in fuel prices and it has come into effect from 11 am on January 29, Dawn reported.
“We have decided to increase the price of petrol and diesel by Rs 35. The price of kerosene oil and light diesel oil has been increased by Rs18,” Dar said, adding that the new prices would come into effect at 11 am today.
Ahead of Dar’s announcement, rumours of a massive increase in petrol prices led to long queues at petrol pumps in many parts of Pakistan. The information posted on social media had said that the price of petrol and diesel were expected to increase between Rs 45 to Rs 80 on February 1.
As per reports, petrol was available at only 20 per cent of the petrol pumps in Gujranwala. The shortages of fuel were reported in Rahim Yar Khan, Bahawalpur, Sialkot and Faisalabad regions of Pakistan.
Ishaq Dar also said that the Pakistan rupee witnessed devaluation last week and they are witnessing an 11 per cent rise in the price of petroleum products in the international market. He said that the price of petrol was not increased since October.
