In a move that has sent shockwaves through the nation, the caretaker government has decided to address the mounting pressure of skyrocketing global oil prices by raising fuel prices significantly.
The government has implemented a substantial increase in the prices of petroleum products, with petrol now costing an additional 26 rupees and 2 paise per liter, and diesel witnessing a surge of 17 rupees and 34 paise per liter. This decision has been formalized through an official notification.
The Ministry of Finance, in a statement, clarified that this step was taken in response to the relentless surge in international oil prices. The government deemed it necessary to adjust the existing prices of petroleum products accordingly.
This revision, as per the announcement, became effective on September 16, marking the transition between Friday and Saturday night. Consequently, the new price for petrol stands at 331 rupees and 38 paisa per liter, while high-speed diesel is now priced at 329 rupees and 18 paisa per liter.
As news of the price hike spread, citizens expressed their frustration over the decade-high fuel costs, lamenting the adverse impact on their purchasing power. Many questioned, “Why is no one listening to our concerns? Where can the ordinary people turn? Why is the nation bearing the brunt of agreements with the IMF?”
This move by the caretaker government, while aiming to address economic challenges, has sparked considerable public debate and concern.