Pakistan Railways is mulling over a hike of up to 15 per cent in fares of passenger and freight trains to offset the recent hike in prices of petroleum products.
The railway department has started deliberations to jack up rail fares by 10 to 15 per cent in light of the increase in fuel prices. The ministry of railways will make a final decision on the hike. On February 15, the federal government increased the prices of petroleum products by up to Rs12 per litre effective from February 16.
According to the notification issued by the finance ministry, the ruling Pakistan Tehreek-e-Insaf government increased petrol price by Rs12.03 per litre, high-speed diesel by Rs9.53 per litre and the price of light diesel was jacked up by Rs9.43.