ISLAMABAD (HRNW): Despite recent marginal price reductions, the overall cost of fuel in Pakistan remains significantly higher than the levels recorded before the onset of the global conflict. Cumulative data shows that diesel prices have seen a staggering overall increase of up to Rs. 244 per liter since the war began.
The Reality of Current Prices:
While the government has passed on some relief in recent months, market analysis reveals that:
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Diesel: Current prices remain Rs. 109 per liter higher than pre-war rates.
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Petrol: Public relief remains limited, with the price of petrol still standing Rs. 108 per liter above the rates seen before the start of the hostilities.
Impact on the Economy:
Economic experts emphasize that this sustained high cost of fuel has become a primary driver of inflation across the country. The high prices have a direct “multiplier effect” on:
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Transport Costs: Increasing fares for both public and commercial logistics.
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Essential Goods: Driving up the prices of food items and basic necessities due to high delivery costs.
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Cost of Living: Putting a severe strain on the purchasing power of the average citizen.
Public Demand:
Public circles and consumer rights advocates have strongly urged the government to pass on the full benefit of decreasing international oil prices to the masses. They argue that a substantial reduction in fuel prices is necessary to break the cycle of inflation and provide much-needed relief to the burdened populace.
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