• In Pakistan, a litre of petrol now costs PKR 237 due to rising inflation caused by floods.

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    In Pakistan, a litre of petrol now costs PKR 237 due to rising inflation caused by floods.




     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.