Pakistan Railways, on Wednesday, announced an increase in rail prices in response to the recent price increase of petroleum products nationwide. Details indicate that the railway ministry increased train tariffs by 8% effective immediately. All trains and classes, with the exception of Green Line, will see a fare hike. A spokeswoman for Railways stated in a statement that the ministry decided to hike the fares as a result of the recent increase in diesel costs, which added an additional burden of more than Rs10 million per day.

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It is important to note that Pakistan’s Finance Minister Ishaq Dar has announced a 35-rupee increase in the price of gasoline and diesel per liter, effective as of January 29. Ishaq Dar claimed during a televised speech that the cost of gasoline goods had increased by 11% on the global market. Dar also disclosed an increase of Rs. 18 per liter in the price of light fuel and kerosene. Petrol will cost Rs 249.80, diesel Rs 262.80, kerosene oil Rs 189.83, and light diesel Rs 187 after the most recent round of price increases.

The minister also said that there had not been a rise in petroleum product prices over the previous four months and noted that diesel and kerosene oil prices had also fallen during that time. The minister continued by stating that the rumors had also caused a fictitious scarcity of petroleum products on the market.

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