Fares increased by transporters amid recent hike in petrol prices

KARACHI: Amid the recent hike in the petrol and diesel prices in Pakistan, transporters across the country have increased fares.

The fares have been increased up to Rs 200 in intercity transport, adding more burden on the already suffering public from inflation.

The latest hike resulted in a fare increase from Lahore to Karachi from Rs 5,200 to Rs 5,400.

The fare for Sukkur has gone up by Rs 150 to 3,4000, while the fare for Sadiqabad has risen from Rs 3,000 to Rs 3,150. Similarly, the fare for Faisalabad has increased from Rs. 760 to Rs. 830.

The public has urged the relevant authorities to establish a proper regulatory system to monitor the fares at the bus terminal to facilitate the masses.

The Secretary of the Regional Transport Authority has stated that strict action is being taken against transporters who impose excessive fare hikes beyond approved limits.

Earlier, Pakistan had imposed a climate support levy on oil products due to the constant insistence of the International Monetary Fund (IMF).

According to details, with the start of the new financial year 2025-26, the federal government has implemented new levies on petroleum products per the International Monetary Fund’s (IMF) climate financing requirements.

A new “Climate Support Levy” of Rs 2.50 per liter has been levied on petrol, diesel, and kerosene. The levy has been brought down by lowering the earlier applicable Petroleum Development Levy (PDL).

With the new setup, the PDL on petrol has been lowered to Rs 75.52 per liter to include the carbon levy. Earlier, petrol was charged a PDL of Rs 78 per liter.