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PTI Government Gives Pakistan a New Year 2020 Gift by increasing fuel prices

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Petrol Prices in 2020

As a new decade starts, the Federal Government under Pakistan Tehreek-e-Insaf (PTI) has slapped an increase in fuel and electricity. According to a statement issued by the Ministry of Finance based on recommendations of Oil and Gas Regulatory Authority (OGRA), the prices will be effective from the start of New Year 2020.

The hike in rates of fuels has triggered an increase in the rates LPG and electricity. The National Electric Power Regulatory Authority (NEPRA) has allowed K-Electric to raise the price of electricity from Rs12.81 per unit to Rs17.69 per unit, which is a Rs. 4.8 increase in the price.

At the same time, prices of aircraft fuels has also been increased but the exact amount was not available at the moment.

Naturally, prices of daily use items, utilities and travel related expenses will go up at the start of year 2020.

Fuel TypePrice Per Litre / Kg / Unit (in PKR)Increase (in PKR)
Petrol116.602.61
High Speed Diesel127.262.25
Light Diesel84.512.08
Kerosene Oil99.453.10
LPG151.82 23.54
Electricity (K-Electric)17.69 4.8

A petition has been filed in Lahore High Court (LHC) against the hike in prices of fuels and energy. According to the petition, the Cabinet was not taken on board for the approval of increase in the prices.

Experts have warned the sudden hike in prices will affect the low income households of Pakistan who are already hit hard by huge hikes in daily life items the past year.

Sources:

Dawn, Express Tribune, GEO News.

Pakistan 27/7 Staff keeps you updated with the breaking news and the latest stories from around Pakistan, Kashmir and Gilgit-Baltistan.

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