Rs 331 per liter petrol in Pakistan: Caretaker PM increased the price by Rs 26 in 15 days

According to Pakistani media Dawn, in the last one month the rates of petrol and diesel have increased by about Rs 58.43 and Rs 55.83. In fact, the inflation rate increased by more than 27.4% in August, after which petroleum prices have increased. General prices are also likely to increase in the coming days. The Ministry of Finance announced the new prices after the approval of Caretaker PM Kakar on Friday.

Petrol prices increased for the second time in a month
Petrol is mostly used for private transport and small vehicles. Due to this, the increase in prices will have a direct impact on the middle class and lower class people of Pakistan. At the same time, diesel is used in vehicles used in transport, trains, trucks, buses. Due to this, the prices of other goods will also increase due to increase in transport cost. The middle and lower classes will also have to bear the brunt of this.

The interim government of Pakistan has said that the reason for increasing the prices of petrol in the country is due to the increased prices of petrol at the international level. Petrol diesel prices have been increased in Pakistan for the second time after August 15. Pakistan's inflation rate increased to 27.4% in August.

On September 1, the prices of petrol and diesel were increased by Rs 14.91 and Rs 18.44 per liter and for 15 days, the price of petrol per liter was fixed at Rs 305.36 and the price of one liter diesel was fixed at Rs 311.84. That means petrol prices have increased by Rs 26 in 15 days.

Interest rates are also continuously increasing in Pakistan. A decline has also been recorded in the Pakistani rupee against the dollar. In the last one month, the Pakistani rupee has fallen by 6.2% against the dollar.

Pakistan has to sell the airline
Pakistan International Airlines has a debt of more than Rs 20 thousand crores, which is 5 times more than its total assets. Pakistan International Airlines had to cancel flights of 5 out of 13 leased aircraft. There are possibilities of this happening with 4 more planes also. To run PIA properly, there is an immediate need of 23 billion Pakistani rupees i.e. Rs 636 crore.

Amidst all this, the caretaker government of Pakistan is busy preparing to sell PIA as soon as possible. During a meeting chaired by Kakad, the commission suggested that instead of spending money on the airline to bring it out of trouble, it would be better to privatize it, i.e. sell it.

Privatization Minister has also been appointed for this. According to Dawn's report, the Election Commission has raised objection to this appointment. In fact, Fawad Hasan, whom Kakar has appointed as minister for the privatization of PIA, has been the Principal Secretary in the Shahbaz government. Pakistan Election Commission says that someone who is non-political should be appointed on this post.