The federal government on Friday hiked price of petrol by Rs25.58 to Rs100.10 per litre for the month of July 2020. The government had provided relief to during the COVID-19 pandemic almost two months ago, when petrol prices were significantly reduced. The price of diesel has gone up to Rs101.46 per litre from the existing Rs80.15, relfecting an increase of Rs21.31.
The unexpected change which was not notified by the oil sector regulator, came as a surprise to people. The step has been taken to address ongoing supply chain disruptions that have led to serious shortages in many parts of the country, in large part due to a pricing dispute between the government and the industry.
Source: Express Tribune