After this increase, the prices of petrol and kerosene oil have respectively risen to Rs282 per litre and Rs186.07 per litre. These fuels were earlier available at Rs272 and Rs180.29 per litre.
The decision to increase the price of petrol was made after the Oil and Gas Regulatory Authority (OGRA) recommended the increase due to rising international oil prices. The government has also increased the price of diesel by Rs5 per litre, bringing the price to Rs116.53 per litre.
The increase in petrol and diesel prices is likely to have a significant impact on the transportation sector, as well as on the overall cost of living for ordinary Pakistanis. The government has defended the increase, saying that it is necessary to meet the country's energy needs and to ensure that the economy remains stable.
Critics of the government's decision argue that the increase in petrol prices will have a negative impact on the already struggling economy, and will disproportionately affect low-income families who are already struggling to make ends meet. Some have called on the government to find alternative ways to generate revenue, rather than relying on increases in fuel prices.
This is not the first time that the government has increased the price of petrol in Pakistan. In recent years, fuel prices have been subject to frequent increases and fluctuations, which have had a significant impact on the country's economy and on the daily lives of ordinary Pakistanis.