Pakistani citizens have been living a hard life where petrol prices arose like a phoenix over the last few months, creating chaos.
Yesterday, Finance Minister Ishaq Dar announced that the petrol price was being reduced by Rs8 and high-speed diesel (HSD) by Rs5 per liter for the next fortnight.
Let’s have a look at the complete detailed statements and how the Pakistani rupee leaped over the US dollar in midday.
From US Dollar Decreases To Petrol Prices Lowered
First. US Dollar has captured everyone’s attention ever since it got high in the open market against the Pakistani rupee.
No doubt US dollars have increased every item’s price, especially the important ones. Tech gadgets such as Graphic Cards, Drones, Cameras, etc.
For the past couple of weeks, the currency has stabilized around Rs285/$.
Ever since the dollar haven over the Pakistani rupee, Pakistan’s economic situation has gotten worse in various ways and it looked like the Pakistan economic crisis will become another Venezuela due to inflation.
Petrol Prices Downfall
On Wednesday, Finance Minister Ishaq Dar announced that the petrol price was being reduced by Rs 8 and high-speed diesel (HSD) by Rs5 per liter for the next fortnight.