The oil crisis in Pakistan has deepened amid the Iran war. There the prices of diesel and petrol have been increased a lot so that people use their vehicles less. Meanwhile, Shahbaz Sharif’s government has made a big announcement. All public transport has been made free in Islamabad for the next 30 days.

Why did Shahbaz government make this announcement?

Ever since Iran has imposed blockade on the Strait of Hormuz, oil tankers of most countries are stuck in the Gulf of Iran. Big countries like China and India have created their own stock, but Pakistan does not have any oil stock at all and this is the reason why the shortage of oil there has increased a lot. That is why there has been a huge increase in oil prices there. Shahbaz wants that now more and more people should travel by public transport so that minimum petrol and diesel is consumed.

How much is one liter petrol available in Pakistan?

Pakistan had increased the prices of petrol and diesel today (Friday), after which now one liter petrol is available for Rs 458 and diesel for Rs 520 (Pakistani). Shahbaz government has taken this decision after the rise in crude oil prices in the global market due to the US-Iran war. Not only this, now Pakistan’s kerosene oil is also available at Rs 457 per liter.

How much has diesel-petrol prices increased so far in PAK?

After the start of the US-Iran war, Pakistan had simultaneously increased the prices of petrol and diesel by Rs 55 per liter across the country on March 6 and now again the Shahbaz government has increased the prices of petrol and diesel drastically, that is, in 28 days, the government of Pakistan has increased the prices of petrol and diesel by a total of Rs 192 per liter and diesel by Rs 239 per liter.

Economic Affairs Advisor Khurram Shahzad’s reaction was also revealed regarding the increase in the prices of petrol and diesel in Pakistan. He said that last month there was an increase of 8% in petrol consumption and 13% increase in diesel consumption. This is an alarm bell amid the Iran crisis.