Fuel Price Hike Draws Sharp Reaction From Transporters, Fare Increase Feared

robot
Abstract generation in progress

(MENAFN- Tribal News Network) After the recent sharp increase in petroleum prices in Pakistan, a strong reaction has emerged from the transport sector, with goods and public transporters signaling fare hikes and possible strikes.

Malik Shahzad, President of the Pakistan Goods Transport Alliance, strongly criticized the increase in fuel prices, saying that this decision will trigger a new wave of inflation in the country.

He added that millions are already unemployed due to government policies, and if the decision is not reviewed immediately, the transport system could come to a complete halt.

Also Read: Govt Drops Fuel Price Bombshell Ahead of Midnight

Meanwhile, the Pakistan Public Transport Owners Association has also expressed concern over the rise in diesel prices and has called an emergency meeting today. According to the association, it is not feasible to increase fares in proportion to the recent hike in diesel prices, and if the situation continues, it will become impossible for transporters to sustain their businesses.

On the other hand, the government announced a significant increase in petroleum prices last night, raising the price of petrol by Rs. 137.24 per liter, bringing the new price to Rs. 458.41 per liter. Similarly, the price of high-speed diesel has been increased by Rs. 184.49 per liter.

Federal Minister for Petroleum Ali Pervaiz Malik and the Finance Minister, in a joint press conference, stated that these decisions were made due to economic compulsions.

According to experts, this major increase in fuel prices will impact not only the transport sector but also the prices of essential commodities, leading to further inflation.

MENAFN03042026000189011041ID1110941381

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin