It appears that there have been significant changes in fuel prices and related economic policies in Pakistan. Here’s a summary of the key points mentioned in your text:
Diesel Price Increase: The price of diesel was increased by Rs17.34, resulting in a new price of Rs329.18 per liter.
Petrol and Diesel Price Hike: Within a month, the caretaker government raised the prices of petrol and diesel by Rs58 and Rs56 per liter, respectively.3
State Bank of Pakistan’s Announcement: The State Bank of Pakistan (SBP) announced a new monetary policy with the aim of gradually reducing inflation. This suggests that the government is taking steps to control rising prices.
Concerns of Inflation: Economic experts have expressed concerns about a fresh wave of inflation following the substantial hikes in petrol and diesel prices. Rising fuel costs can contribute to overall inflation in the economy.
Margin Increase for Dealers and OMCs: The Economic Coordination Committee (ECC) approved an increase in the margin for petroleum dealers and oil marketing companies (OMCs). The sale margin of petrol and diesel was increased by Rs3.5 per liter.
Global Commodity Prices: The government cited global commodity price increases as a reason for the hikes in petroleum prices. Global factors, such as changes in crude oil prices, often influence fuel prices in Pakistan and other countries.
Oil and Gas Regulatory Authority (Ogra): Ogra was expected to announce new fuel prices on September 15 based on average international crude oil prices. This suggests that fuel prices in Pakistan are partially linked to international market trends.
Previous Price Increases: On September 1, the caretaker government had already raised the price of petrol by Rs14.9 per liter, resulting in a price of Rs305.36 per liter. The price of high-speed diesel (HSD) was also increased by Rs18.44 per liter to Rs311.84.
These developments indicate a series of fuel price increases driven by both global factors and domestic economic policies. The government’s efforts to control inflation and manage the impact of these price hikes will be closely watched by economic experts and the public. (fuel prices and related)