Caretaker Government Faces Backlash On Petrol Price Hike Amidst Economic Concerns
In a surprising turn of events, Pakistan’s non-elected caretaker government has announced its third consecutive increase in petroleum prices, escalating by up to 21% within just one month. These relentless hikes have triggered widespread concerns and protests from citizens grappling with economic hardships.
Petroleum Price Changes in Pakistan
| Date | Petrol Price (per liter) | Diesel Price (per liter) |
|---|---|---|
| August 1, 2023 | Rs 272.92 | Rs 273.40 |
| August 15, 2023 | Rs 331.38 (+21.37%) | Rs 329.18 (+20.40%) |
| August 29, 2023 | Rs 331.38 (+21.37%) | Rs 329.18 (+20.40%) |
| September 16, 2023 | Rs 331.38 (+21.37%) | Rs 329.18 (+20.40%) |
Caretaker Government’s Actions:
Caretaker Prime Minister Anwar-ul-Haq Kakar, who assumed office on August 14, 2023, has overseen a substantial cumulative increase in petroleum prices during his one-month tenure. Despite mounting public pressure, these successive hikes have raised concerns about the government’s approach to the economic challenges faced by its citizens.
Price Surge Details:
Over the course of three announcements on August 15, August 29, and September 15, the price of petrol surged by an astonishing Rs 58.46 per liter, marking a staggering 21.37% increase. Diesel, too, witnessed a notable hike of Rs 55.78 per liter, equivalent to a 20.40% increase. Consequently, the new prices of petroleum products, effective from September 16, now stand at Rs 331.38 per liter for petrol and Rs 329.18 per liter for diesel.
The successive petroleum price hikes in Pakistan, under the caretaker government’s leadership, have raised serious concerns among citizens. With the costs of essential items on the rise and electricity bills already causing public distress, the government faces growing backlash and protests. The economic impact of these decisions remains a pressing issue for the nation.
