Follow Us on Google News
Karachi goods transporters on Tuesday announced a 20 percent increase in fares following the recent rise in petroleum product prices.
Goods Carrier Association President Noor Khan Niazi stated that if diesel becomes more expensive, the increased fare burden will be passed on to the public. Niazi further remarked that the fare hike will lead to a wave of inflation.
Due to the higher cost of diesel, the burden falls on both the people and agriculture, according to Niazi. He also pointed out that the rising costs of spare parts contribute to the fare increase. Additionally, Niazi mentioned that toll taxes have been increased since July, urging the government to reconsider its decisions.
It is noteworthy that the government has increased the prices of petroleum products from July 1st. The price of petrol was increased by Rs7.45, bringing the rate to Rs265.61 per liter. The price of high-speed diesel (HSD) has been raised by Rs 9.56 per liter to Rs 277.45.