Transporters Hike Fares by 20% Amid Fuel Price Surge

02 Aug 2023

221

Transporters Hike Fares by 20% Amid Fuel Price Surge

In response to the recent decision of the federal government to raise fuel prices, intercity and intracity transportation rates have shot up by 20%. The impact is particularly evident in Lahore, where bus fares have been hiked as reported by the media.

AC and Non-AC Buses Affected:

Both air-conditioned and non-air-conditioned buses will be subject to the increased fares. This sudden announcement has raised concerns among the general public, as the majority now faces the prospect of unaffordable intercity commutes.

Fuel Price Spike Without Prior Warning:

Earlier today, the federal government unexpectedly raised the price of petroleum products by nearly Rs. 20 per liter. This decision caught everyone off-guard as there were no hints or prior indications.

Diesel Prices Surge to Rs. 273.40 per liter:

High-speed diesel (HSD) prices currently stand at Rs. 273.40 per liter. Similarly, the price of petrol has skyrocketed from Rs. 253 to a staggering Rs. 272.95 per liter.

Ripple Effects on Consumer Goods:

The increase in gasoline prices has already impacted transportation costs, but there are speculations that the surge in diesel prices will likely lead to significant price hikes in general consumer goods as well.

Pakistan Fuel Prices Increased Transporters Fare Increased Buss Fares in Pakistan

« PREV POST
Local Assemblers' Dislike for Imported Used Cars

NEXT POST »
Electric Bus Service Launches on New Route in Karachi

Related Auto News Updates