PKR 1.45 per liter has been raised by the inflation-hit Pakistani government led by Prime Minister Shehbaz Sharif on Wednesday, thus making petrol prices in the country PKR 237.43 per liter. The price of light diesel has also been reduced by PKR 4.26 per liter, and that of kerosene oil has been reduced by PKR 8.30 per liter.
The increase in petroleum product costs has been attributed by the Pakistani government on changing exchange rates and fluctuating international oil prices. Over 1,500 people were killed and approximately 33 million people were affected by recent floods in Pakistan, which have put the nation on the point of economic collapse, which has only been made worse by political turmoil following the fall of former Prime Minister Imran Khan.
According to Reuters, hundreds of thousands of people are still stranded in Pakistan and are living outside as flood levels begin to recede, which may take two to six months. In the nation, stagnant waterways have contributed to ailments like severe diarrhoea, dengue fever, skin and eye infections, and malaria.