Pakistan’s ‘mini-budget’ gives major shocker to common man: How petrol, ghee, cigarettes have become unaffordable
1 year, 10 months ago

Pakistan’s ‘mini-budget’ gives major shocker to common man: How petrol, ghee, cigarettes have become unaffordable

Firstpost  

To please the IMF, Pakistan has unleashed misery on its people already grappling with inflation. Fuel prices have hit a historic high with petrol costing Rs 272 per litre Staring at bankruptcy, Pakistan is desperate for the International Monetary Fund bailout. A spokesperson of tobacco company Philip Morris Pakistan said the proposed tax hike if implemented would enhance the price of cigarettes by around 250 per cent, reports Dawn. For less expensive brands the per stick increase is from Rs 2.55 to Rs 5.05, an increase of 98 per cent, according to The Express Tribune. Air travel, mobile phones The federal excise duty on air travel for first-class and business-class tickets has been increased by 20 per cent of the airfare or Rs 50,000, whichever is higher.

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History of this topic

Pakistan announces biggest relief amid worst economic crisis, cuts petrol prices by Rs 40 per litre
1 year, 2 months ago

Pakistan announces biggest relief amid worst economic crisis, cuts petrol prices by Rs 40 per litre

India TV News  

In a major relief, Pakistan's interim government has slashed the prices of petrol and diesel by Rs 40 from October 16, Monday. The statement said that the petrol price was cut by Rs40 per litre, and HSD was lowered by Rs15 per litre. “Owing to the decreasing trend of petroleum price in the international market and due to appreciation of …

Pakistan: Prices of petrol, diesel hit a record high, new prices reach Rs 290 per litre
1 year, 4 months ago

Pakistan: Prices of petrol, diesel hit a record high, new prices reach Rs 290 per litre

India TV News  

Merely two days after the interim government took oath in Pakistan, it raised petrol and diesel prices to a record high on Tuesday. According to Pakistan English Daily, the new petrol price will be Rs290.45 per litre from today after an increase of Rs17.50 per litre-- another second massive hike in a fortnight that is likely to stoke further inflation, …

Amid inflation, people in Karachi buying ‘most expensive’ flour: Report
1 year, 5 months ago

Amid inflation, people in Karachi buying ‘most expensive’ flour: Report

Hindustan Times  

As the flour prices in Pakistan's Karachi scaled a new peak of ₹3200 per 20 kilogram — meaning 1 kg flour costing ₹320 — the people in the region are perhaps purchasing the ‘most expensive’ flour in the world, ARY news reported citing Pakistan Bureau of Statistics. Read | Number theory: Why Pakistan's current account surplus may spell bad news …

No respite to common people! Pakistan govt announces to keep petrol-diesel prices unchanged
1 year, 6 months ago

No respite to common people! Pakistan govt announces to keep petrol-diesel prices unchanged

India TV News  

Pakistan fuel prices: Amid unabated inflation in the country, the Pakistani government decided to keep the prices of petrol and diesel unchanged, giving no respite to the common people. Pakistan finance minister Ishaq Dar said that the decision to keep the petroleum products prices unchanged is taken in view of international rates, ARY News reported. He announced the reduction in …

Food prices soar in Ramzaan as Pakistan reels under economic crisis
1 year, 8 months ago

Food prices soar in Ramzaan as Pakistan reels under economic crisis

Live Mint  

As per a vendor's statement, there has been a significant increase in the prices of chicken and rice in Pakistan. The cost of chicken has surged to PKR 350 per kilogram, while the cost of rice has gone up by PKR 70 per kilogram, reaching PKR 335 per kilogram. Bananas are now priced at PKR 300 per dozen, pomegranates at …

Pakistan Increases Petrol Price by Rs 5, Diesel Sees Hike of Rs 13. Check Details
1 year, 9 months ago

Pakistan Increases Petrol Price by Rs 5, Diesel Sees Hike of Rs 13. Check Details

News 18  

The Pakistan government on Wednesday increased the prices of petrol and diesel by Rs 5 and Rs 13 per litre, respectively. With the latest increase, petrol will now cost Rs 272 per litre whereas high-speed diesel will cost Rs 293 per litre in the cash-strapped nation. The cost of kerosene has also jumped to Rs 190.29 per litre while the …

Amid economic crisis, Pakistan revises prices of petrol, diesel
1 year, 9 months ago

Amid economic crisis, Pakistan revises prices of petrol, diesel

India Today  

Amid an ongoing economic crisis, prices of petroleum products in Pakistan were notified by the country's finance minister on Tuesday. The price of kerosene oil in Pakistan has been reduced by Rs 15 and will now cost Rs 187.73 per litre, the finance minister said. Further, Pakistan's Finance Minister Drar said there were no changes in the prices of high-speed …

Pakistan prepares for a fresh round of price hike ahead of Ramadan as govt increases taxes
1 year, 10 months ago

Pakistan prepares for a fresh round of price hike ahead of Ramadan as govt increases taxes

Op India  

As the Islamic holy month of Ramadan is expected to begin on Wednesday, 22 March of this year, a struggling and broke Pakistan is bracing for a further jump in the already skyrocketing inflation in the country. The government increased the General Sales Tax to 18% from 17% coupled with federal excise duty on Wednesday, adding worries for customers who …

Pakistan hikes petrol price to appease IMF for unlocking critical loan tranche
1 year, 10 months ago

Pakistan hikes petrol price to appease IMF for unlocking critical loan tranche

The Hindu  

People in Pakistan woke up on February 16 to the shock of a historic price hike in the prices of petrol and gas as the government tried to appease the IMF for unlocking the critical loan tranche for the cash-strapped country. The “petrol bomb” as the price hike is termed these days, was dropped around Wednesday midnight, hours after the …

In inflation-hit Pakistan, petrol costs PKR 272/litre, diesel at PKR 280/litre: Report
1 year, 10 months ago

In inflation-hit Pakistan, petrol costs PKR 272/litre, diesel at PKR 280/litre: Report

Hindustan Times  

Pakistan has increased the price of petrol to a new high of PKR 272 per litre, while diesel price has been hiked by PKR 17.20 to PKR 280 per litre, inflicting more misery on the citizens already battling hiked essential prices. The Shehbaz Sharif government's move comes hours after it tabled a supplementary finance bill in the Pakistan National Assembly, …

Pakistan drops petrol bomb on citizens; diesel price surges to ₹280 per litre
1 year, 10 months ago

Pakistan drops petrol bomb on citizens; diesel price surges to ₹280 per litre

Live Mint  

Cash-strapped Pakistan has dropped a petrol bomb on inflation-hit citizens after unleashing a mini-budget on Wednesday night. According to the Geo news, the petrol has been increased to ₹272 per litre after an increase of ₹22.20, Pakistan's Finance Division said. The price of high-speed diesel has been increased to ₹280 per litre after a hike of ₹17.20. Kerosene oil will …

Pakistan, inching towards bankruptcy, to further increase petrol price
1 year, 10 months ago

Pakistan, inching towards bankruptcy, to further increase petrol price

India TV News  

Pakistan which is inching towards bankruptcy may drop another 'bomb' on its people in terms of fuel prices. According to reports, the government may increase petrol cost by as much as 12.5 per cent. "The ex-depot litre price of petrol is calculated to go up by at least PKR 32.07, High Speed Diesel may see an increase of PKR 32.84 …

In Pakistan, Milk's price is PKR 210 per litre and chicken now costs over 780
1 year, 10 months ago

In Pakistan, Milk's price is PKR 210 per litre and chicken now costs over 780

Hindustan Times  

Amid a severe economic crisis as Pakistan seeks a deal with IMF, consumers continue to face severe prices for daily use items including milk and chicken. Prices of loose milk have been increased to PKR 210 from 190 per litre and live broiler chicken has seen an increase of Rs30-40 per kg in the last two days with which it …

Amid economic turmoil, Pakistan likely to face shortage of ghee, cooking oil
1 year, 10 months ago

Amid economic turmoil, Pakistan likely to face shortage of ghee, cooking oil

India Today  

Amid economic turmoil in the country, traders in Pakistan have warned of a likely shortage of essential commodities. Prices were up 2.9 per cent in January from the previous month, Reuters quoted the Pakistan Bureau of Statistics 's statement. Urban core inflation rose 15.4 per cent year-on-year, and 1.4 per cent from December, while rural core inflation rose 19.4 per …

Why petrol prices have reached an all-time high in cash-strapped Pakistan
1 year, 10 months ago

Why petrol prices have reached an all-time high in cash-strapped Pakistan

Firstpost  

Pakistan is facing one of its worst economic crises. After the hike, petrol would cost Rs 249.80 per litre, high-speed diesel Rs 262.80 per litre, kerosene oil Rs 189.83 per litre and light diesel oil Rs 187 per litre. High Speed Diesel-Rs 262.80 per litre MS Petrol —Rs 249.80 per litre Kerosene Oil -Rs 189.83 per litre Light Diesel Oil …

Pakistan hikes petrol price by Rs 35; minister calls it 'minimum' increase I Check prices here
1 year, 10 months ago

Pakistan hikes petrol price by Rs 35; minister calls it 'minimum' increase I Check prices here

India TV News  

Pakistan increases petrol prices: As Pakistan grapples with the worst-ever economic turbulence-- with inflation and unemployment rate touching a record high-- the government has now announced to increase the oil prices by a "minimum" of Rs 35 per litre. While addressing the nation in a video message, Finance Minister Ishaq Dar on Sunday morning said that the increase in prices …

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