Digital Desk: Inflation-hit The Pakistan government, led by Prime Minister Shehbaz Sharif, raised the petrol price by PKR 1.45 per litre on Wednesday, bringing the country's new petrol rates to PKR 237.43 per litre. Furthermore, the price of light diesel has been reduced by PKR 4.26 per litre, while the price of kerosene oil has been reduced by PKR 8.30 per litre.
Pakistan's government has blamed the
increase in petroleum product prices on fluctuating global oil prices and
exchange rate fluctuations.
Recent floods in Pakistan, which
submerged large parts of the country, killing over 1,500 people and affecting
approximately 33 million people, have pushed the country to the brink of
economic collapse, which has been exacerbated by political insecurity following
the ouster of former Prime Minister Imran Khan.
Hundreds of thousands of people are still displaced in Pakistan, living in the open as flood waters recede, which could take two to six months, according to Reuters. In the country, stagnant waters have resulted in diseases such as malaria, dengue fever, skin and eye infections, and acute diarrhoea.
