ISLAMABAD: The federal government has increased the price of petrol by Re 0.56 per liter on New Year’s Eve, for the first fortnight of 2025.
Gasoline is mainly used in private transport, small vehicles, rickshaws and two-wheelers. Rising fuel prices have a significant impact on the budgets of members of the middle and lower classes, who mainly consume gasoline for their commute. On the other hand, a significant portion of the transportation sector relies on high-speed diesel.
Its price is considered inflationary as it is mainly used in heavy goods vehicles, trucks, buses, trains and agricultural machinery such as tractors, tube wells and threshers.
High-speed diesel consumption is particularly contributing to the rise in prices of vegetables and other food items.
This is a developing story and is being updated with more details