After the recent sharp increase in petroleum prices in Pakistan, a strong reaction has emerged from the transport sector, with goods and public transporters signaling fare hikes and possible strikes.

Malik Shahzad, President of the Pakistan Goods Transport Alliance, strongly criticized the increase in fuel prices, saying that this decision will trigger a new wave of inflation in the country. 

He added that millions are already unemployed due to government policies, and if the decision is not reviewed immediately, the transport system could come to a complete halt.

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Meanwhile, the Pakistan Public Transport Owners Association has also expressed concern over the rise in diesel prices and has called an emergency meeting today. According to the association, it is not feasible to increase fares in proportion to the recent hike in diesel prices, and if the situation continues, it will become impossible for transporters to sustain their businesses.

On the other hand, the government announced a significant increase in petroleum prices last night, raising the price of petrol by Rs. 137.24 per liter, bringing the new price to Rs. 458.41 per liter. Similarly, the price of high-speed diesel has been increased by Rs. 184.49 per liter.

Federal Minister for Petroleum Ali Pervaiz Malik and the Finance Minister, in a joint press conference, stated that these decisions were made due to economic compulsions.

According to experts, this major increase in fuel prices will impact not only the transport sector but also the prices of essential commodities, leading to further inflation.