Fuel rates explode as govt withdraws blanket subsidy

Fuel rates explode as govt withdraws blanket subsidy

• Petrol raised by Rs137 to Rs458 per litre; diesel up by Rs184 to Rs520• Petroleum levy raised on petrol, cut to zero on HSD• Kerosene price increased by Rs34 to Rs458 per litre• Rs100 per litre subsidy for bikers capped at 20 litres per month• Small farmers to receive Rs1,500 per acre support• Early market closures planned to save 1,200MW of electricity ISLAMABAD: The government on Thursday announced an unprecedented increase of 43 per cent and 55pc in the prices of petrol and high-speed diese...

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