After the federal government presented the budget, a new wave of inflation is looming, and from July 1st, several items are expected to become more expensive.
Lahore (Tech Info, Latest: June 19, 2024) - Possibility of Petrol Price Hike by Rs. 20 and Electricity Units Rising to Rs. 72: Following the federal government's budget presentation, a new and daunting wave of inflation is anticipated in the country. Concerns have been raised over the impact of hefty taxes introduced in the federal budget, set to exacerbate the cost of living from July 1st with several items expected to become more expensive.
Reacting to the federal budget, Justice (Retd) Wajihuddin Ahmed, leader of the common people, expressed that the public is distressed due to inflation. He criticized the government for allowing electricity companies to benefit by Rs. 50 billion. He emphasized that for economic stability, society should not only have access to affordable energy but also aims for cheap electricity.
"If they go beyond the reach of the public, inflation, unemployment, and sudden disasters will hit a storm," he said.
"This is happening in Pakistan, but now the price of petrol has been decided to increase by Rs. 20 per liter. This increase is deadly because the price per unit of electricity will rise from Rs. 27.78 to Rs. 35.50 on July 1st, after the budget's implementation. However, when the capacity tax of the institutions generating electricity, which the rulers have included with persistence, becomes integrated, the situation advances," said, Counsel
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