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Home Business & Stock

Karachiites rush to bicycle market after increase in PoL prices

MM News Staff by MM News Staff
October 17, 2021
Reading Time: 2 mins read

KARACHI: After the increase in the prices of petroleum products by the federal government, a large number of citizens reached the Karachi bicycle market.

Sources said that due to the increase in prices of petroleum products by the government, the citizens turned to the bicycle market and there too they faced disappointment.

The shopkeepers said that citizens should ride bicycles to save money and improve their health. On the other hand, some buyers were disappointed when they found bicycles expensive and returned empty-handed.

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On the other hand, the hashtag of petrol price has also become a top trend on Twitter as petroleum products have become more expensive. Citizens are being criticized by the government for creating memes, while explanations are being offered by federal ministers.

Read more: Finance ministry clarifies govt charging minimum levy on petroleum products

Some consumers on social media were asking why petrol is so expensive again and again to sell five hundred liters at a time. While some people said that the Prime Minister used to make big claims before coming to power, but all his claims Have proved to be the wall.

New PoL prices 

The government notified the hike in prices of petroleum products under which an increase of Rs 9 to 12 per liter was made.

According to details, a notification was issued to increase the prices of petroleum products by Rs 9 to 12 per liter. Petrol price went up by Rs 10.49 per liter, as per the notification.

According to the notification of the Ministry of Finance, the new price of petrol has been fixed at Rs 137.79 per liter. The price of high-speed diesel has been increased by Rs 12.44 per liter. According to the notification, the price of kerosene has been increased by Rs10.95. The new price has been fixed at Rs 110.26 per liter.

Tags: bicycle market
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