In a major blow to consumers, the Punjab government has announced a sharp increase in the prices of petrol and diesel, taking the rates to a staggering Rs 400 per litre. The decision, effective immediately, has sparked widespread outrage among the public and opposition parties.
According to official sources, the price hike is attributed to rising global crude oil prices and an increase in state taxes. The new rates mark a significant jump from previous levels, with petrol and diesel now costing Rs 400 per litre across the state.
Citizens have expressed anger and concern over the impact on their daily expenses. "This is unbearable," said a local commuter. "With transportation costs skyrocketing, everything from food to essential goods will become more expensive."
Opposition leaders have criticized the move, accusing the government of burdening the common man. They have called for an immediate rollback and threatened protests if the decision is not reversed.
The government, however, defended the hike, stating it was necessary to maintain revenue and fund development projects. An official spokesperson said, "We understand the public's pain, but this step was unavoidable given the current economic situation."
As fuel prices cross the Rs 400 mark, experts warn of cascading effects on inflation and the cost of living. The development is expected to dominate political discussions in the coming days.