Political Figure Demands Petrol Price Reduction to Rs 225
At a glance
- Petrol price increased by Rs 4.45 per litre, now Rs 335 per litre.
- Diesel price reduced by Rs 2 per litre, now Rs 335.60 per litre.
- Hafiz Naeem has demanded a reduction in petrol price to Rs 225 per litre.
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The government recently increased petrol prices by Rs 4.45 per litre, setting the new rate at Rs 335 per litre, while diesel prices were reduced by Rs 2 per litre to Rs 335.60. This adjustment, part of a daily pricing mechanism, has sparked public frustration, particularly as it occurred despite a fall in global oil prices. Citizens had anticipated a significant reduction and are now demanding the price be set at Rs 225 per litre, citing stagnant salaries and rising expenses. The hike is expected to fuel inflation.
Latest development
Amidst public anger over recent fuel price adjustments, Hafiz Naeem has specifically demanded that the price of petrol be reduced to Rs 225 per litre.
Latest updates
Hafiz Naeem has demanded that the price of petrol be decreased from the current rate to Rs 225 per litre.
Amidst public anger over the petrol price hike, citizens are reportedly demanding that the price be set at Rs225 per litre.
The government has increased the price of petrol by Rs 4.45 per litre, while the price of diesel has been reduced by Rs 2 per litre. The new price for petrol is now Rs 335 per litre, and diesel is priced at Rs 335.60 per litre.
The adjustment comes as part of a daily pricing mechanism linked to the international market. However, the increase in petrol prices has been met with public anger and frustration, as it came despite a fall in global oil prices, which had led citizens to expect a significant reduction of Rs 10 to Rs 20 per litre.
Citizens have expressed dismay, highlighting that their salaries have not increased while their expenses continue to mount. Many feel the government's decision is out of touch with the financial struggles of the common person. The daily price fluctuations have also caused confusion and concern, with some residents stating they have never witnessed such frequent changes. The hike is expected to have a knock-on effect, increasing the cost of other goods and services and contributing to overall inflation.
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