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The Fuel Price Illusion

37 0
08.04.2026

The people were already worried about inflation when the government hiked oil prices for a second time, justifying the move by pointing to the U.S.-Iran war and its effects on global markets. However, when there was an immediate public reaction against the surge in fuel prices, it was decided to reduce the price by 80 rupees. Even if the price of 137.23 rupees is increased and then reduced by 80 rupees, there will be no significant relief for the public. Because once the price of petroleum increased, the cost of transporting goods across the country was immediately hiked by 60 percent. Obviously, this will lead to a flood of inflation in all necessities of life, including food and beverages, making it unimaginably difficult for the poor and middle classes to maintain a basic livelihood. The government's position is that after the record increase in global oil prices due to the war between the US, Israel, and Iran, it had no choice but to raise fuel prices to the same extent in Pakistan. Although these decisions will severely worsen the problems of the common man, the government appears indifferent, with decision-makers failing to consider the consequences. Anti-people decisions are being made, and once again elite interests are favoured at the expense of........

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