Pakistan hikes fuel prices due to fluctuating global oil prices, exchange rate variation

An employee fills the tank of a car at a petrol station in Islamabad-Pakistan on July 9, 2020. (AFP/File)
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Updated 21 September 2022
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Pakistan hikes fuel prices due to fluctuating global oil prices, exchange rate variation

  • Price of petrol has been increased from Rs235.98 to Rs237.43
  • Pakistan’s August inflation was the highest in more than 40 years

KARACHI: Pakistan on Wednesday announced raising the price of petrol by Rs1.45 due to fluctuating global oil prices and exchange rate variations, the finance division said.

The notification for revised prices is usually issued around midnight but was released by the finance division around 2am on Wednesday morning. According to the notification, the price of petrol has been increased from Rs235.98 to Rs237.43 while High Speed Diesel (HSD) price has been kept unchanged at Rs247.43.

The price of kerosene has been slashed by Rs8.30 from Rs210.32 to Rs202.02 and the price of light diesel oil has been reduced by Rs 4.26 from Rs201.54 to Rs197.28.

“In the wake of fluctuating global oil prices and exchange rate variation, the government has decided to revise the prices of petroleum products,” the notification read.

Pakistan’s consumer price index (CPI) surged to a multi-decade high of 27.3 percent in August from a year earlier, government data shows, as authorities warn massive flooding in the country could exacerbate already skyrocketing prices.

Price rises in staples, including vegetables, wheat and cooking oil led the high inflation, the Pakistan Bureau of Statistics said in a statement on. September 1. In July, annual CPI inflation was at 24.9 percent.

Economists said the August inflation was the highest in more than 40 years.

Pakistan’s 220 million people were already facing rampant inflation before the flooding and the economy is in turmoil, with fast-depleting foreign reserves and a record fall of the rupee against the dollar.


UN torture expert decries Pakistan ex-PM Khan’s detention

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UN torture expert decries Pakistan ex-PM Khan’s detention

  • Khan’s party alleges government is holding him in solitary confinement, barring prison visits
  • Pakistan’s government rejects allegations former premier is being denied basic rights in prison

GENEVA: Pakistan’s former prime minister Imran Khan is being held in conditions that could amount to torture and other inhuman or degrading treatment, the United Nations’ special rapporteur on torture warned Friday.

Alice Jill Edwards urged Pakistan to take immediate and effective action to address reports of the 73-year-old’s inhumane and undignified detention conditions.

“I call on Pakistani authorities to ensure that Khan’s conditions of detention fully comply with international norms and standards,” Edwards said in a statement.

“Since his transfer to Adiala Jail in Rawalpindi on September 26, 2023, Imran Khan has reportedly been held for excessive periods in solitary confinement, confined for 23 hours a day in his cell, and with highly restricted access to the outside world,” she said.

“His cell is reportedly under constant camera surveillance.”

Khan an all-rounder who captained Pakistan to victory in the 1992 Cricket World Cup, upended Pakistani politics by becoming the prime minister in 2018.

Edwards said prolonged or indefinite solitary confinement is prohibited under international human rights law and constitutes a form of psychological torture when it lasts longer than 15 days.

“Khan’s solitary confinement should be lifted without delay. Not only is it an unlawful measure, extended isolation can bring about very harmful consequences for his physical and mental health,” she said.

UN special rapporteurs are independent experts mandated by the Human Rights Council. They do not, therefore, speak for the United Nations itself.

Initially a strong backer of the country’s powerful military leadership, Khan was ousted in a no-confidence vote in 2022, and has since been jailed on a slew of corruption charges that he denies.

He has accused the military of orchestrating his downfall and pursuing his Tehreek-e-Insaf (PTI) party and its allies.

Khan’s supporters say he is being denied prison visits from lawyers and family after a fiery social media post this month accusing army leader Field Marshal Asim Munir of persecuting him.

According to information Edwards has received, visits from Khan’s lawyers and relatives are frequently interrupted or ended prematurely, while he is held in a small cell lacking natural light and adequate ventilation.

“Anyone deprived of liberty must be treated with humanity and dignity,” the UN expert said.

“Detention conditions must reflect the individual’s age and health situation, including appropriate sleeping arrangements, climatic protection, adequate space, lighting, heating, and ventilation.”

Edwards has raised Khan’s situation with the Pakistani government.