Pakistan Becomes Region’s Most Expensive Country for Diesel, Says Economist
Pakistan has become the most expensive country in the region for diesel prices following the latest increase in petroleum product rates, according to economist Dr. Farrukh Saleem. Reacting to the recent fuel price hike, he said Pakistan recorded the largest increase in diesel prices in the region over the past week, with the price rising by more than 16%.
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Dr. Saleem noted that while countries including India saw no increase in diesel prices during the same period, Pakistan’s diesel has become even more expensive than Afghanistan’s. According to his figures, diesel costs the equivalent of Rs74 per litre in Afghanistan, compared to Rs375.04 per litre in Pakistan.
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The increase comes after the government introduced a new pricing mechanism under which petroleum prices are now reviewed on a daily basis. Since the new system took effect, both petrol and diesel prices have risen sharply, with further increases feared in the coming days. On the latest revision, the government raised petrol prices by Rs6.39 per litre to Rs327.12, while diesel prices increased by Rs7.83 per litre, taking the new rate to Rs375.04 per litre.
