In response to the recent surge in petroleum prices, Pakistan Railways made a decisive move on Wednesday, announcing revised fares for both passenger and freight trains, which are set to be implemented on Friday.
The official notification from the railway authorities has confirmed an increment of 5 per cent in fares across various train services. This includes all shuttle services, passenger trains, express services, and inter-city routes. For travellers and businesses alike, these updated charges will apply starting September 2, post-midnight.
Underlying Factors for the Adjustment
This fare adjustment is not an isolated decision but directly correlates with the interim government’s announcement a day prior. They have sanctioned a substantial price augmentation for petroleum products. Specifically, the cost of petrol saw an escalation of up to Rs14 per litre. As a result, the current petrol price stands at a staggering Rs305.36 per litre, marking an increase of Rs 14.9 per litre.
The high-speed diesel (HSD) has not been spared in tandem with petrol. Its price increased by Rs18.44 per litre, positioning its current rate at Rs311.84 per litre.
It’s crucial to understand that this isn’t the first time in recent months that petroleum prices have been adjusted. On August 16, the petrol price was augmented by Rs17.50 per litre, setting it at Rs290.45, and the high-speed diesel reached Rs293.40.
On August 1, the federal government approved a petrol price rise of Rs19.95 per litre.
