The patient fall in the value of the Pakistani rupee against the US bone is anticipated to lead to a fresh surge of affectation in the country. Petroleum product prices are anticipated to increase by over Rs13 per litre in the forthcoming fortnight review due on August 31. The exchange rate of the US bone has risen by Rs12.08 from August 16 to August 24, 2023.
This means that petrol and diesel prices from September 1 would increase primarily due to the exchange rate. still, in the transnational request, the prices of petroleum and crude oil painting have remained fairly stable. In the last two fortnights, petrol prices have formerly increased by Rs37.50 per litre, and diesel prices have gone up by Rs40 per litre. Under the current script, if the bone continues to appreciate, petrol prices could increase by Rs9.95 per litre, and diesel prices could rise by Rs13.73 per litre.
also, LCs( Letter of Credit) evidence charges have increased by 10, which could further contribute to rising prices. The impact of the cheapening rupee is anticipated to be felt in colorful sectors, including electricity tariffs. The National Electric Power Regulatory Authority( NEPRA) has formerly increased the base tariff by Rs3 to Rs7.50 per unit on colorful orders of consumers. This base tariff computation was grounded on a lower value of the bone , and as the bone ‘s value continues to rise, it may lead to further frequent tariff increases.
The government has also sought an increase in electricity tariffs due to energy cost adaptations, and this impact could be passed on to consumers on a yearly base. In summary, the falling rupee and its impact on colorful sectors, including energy and electricity prices, are anticipated to contribute to advanced affectation in Pakistan in the coming months, putting fresh profitable pressure on the population.