Petrol, Diesel Prices Cross Rs 300 in Pakistan for 1st Time in History

Pakistanis had the shock of their life as the prices of petrol and diesel in the Islamic nation facing severe economic crisis crossed the Rs 300 mark for the first time in the nation’s history.

On Thursday evening, Pakistan’s finance ministry declared the increase in the price of petroleum products. The price of petrol was increased by Rs 14.91 while the rate of high-speed diesel was enhanced by Rs 18.44.

With this price hike, the rate of petrol in Pakistan reached Rs 305.36, and the diesel price became Rs 311.84.

Pakistan is facing the worst economic crisis and historic levels of inflation. The constant devaluation of the Pakistani rupee has compelled the central bank to raise the interest rates. The country’s currency is trading at a record low of 305.6 per US dollar.