Diesel price in Pakistan April 2022 is to reach an all-time high after jumping nearly 50% over the past year. The per litre average diesel price in Pakistan April 2022 will be around 200 rupees. Which would make it more expensive than gasoline or kerosene fuel due its higher taxation rate under current regulations. But there may still be some relief oncoming from tax hikes planned next month that may helpful.
The government has been unable to come up with a solution for the rising cost of diesel. Until April 16, when payments must be made or prices will increase by more than what’s already planned- Rs60 per litre.
The new administration is facing an important decision: whether they want higher subsidies so people don’t notice too much. However, this could harm economic growth since it would mean less money spent on other things such as infrastructure development and tourism attractions. Which both depend heavily upon transportation fuel pricing!!
When the leadership decides to raise prices, a litre of diesel will cost Rs204.69 instead if they do not have any other plans in mind for now.
The former Prime Minister Imran Khan had promised an increase from ten paise during his tenure. Which would eventually lead up until 2022 when it reaches thirteen rupees per liter. However, with these new hikes we’re seeing what may happen at least within our country’s finances. Because currently there are still many debts since last year’s elections took place between two major parties. One being government officials who voted into office while another group composed mainly out-of politicians. They were without experience managing large scale economies but rather only focusing on regional issues.
The incoming administration is in a tenuous position and may choose not raise prices to gain public support for their plan.