What happened: Recently, Pakistan has faced a sharp increase in petroleum product prices, and the prices of other basic commodities were increased. However, after the recent hike, airlines and railways are planning to increase the fares owing to the recent hike. Details: Pakistan Railways reportedly are bearing the loss of 20 million rupees due to the sudden surge in the price of diesel. At the same time, the Economy.pk quotes, “Authorities have forwarded recommendations for the increase in fares by 15 to 20 per cent. Each year, the state entity buys diesel worth 20 billion rupees.” Not just fares, but it has also been reported that the stop-to-stop fare would be increased in Pakistan.
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