Prices of diesel, petrol jump by 93.82% and 77.89% in latest inflation numbers

Prices of diesel, petrol jump by 93.82% and 77.89% in latest inflation numbers

ISLAMABAD: The prices of diesel and petrol have recorded an increase of 93.82 per cent and 77.89 per cent, respectively in the latest inflation numbers.

Pakistan Bureau of Statistics (PBS) issued latest inflation number based on Sensitive Price Indicators (SPI) for the week ended March 02, 2023.

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SPI is computed on weekly basis to assess the price movement of essential commodities at shorter interval of time so as to review the price situation in the country. SPI comprises of 51 essential items collected from 50 markets in 17 cities of the country.

According to the PBS, the year on year trend depicts major increase of 41.07 per cent, Onions (311.17 per cent), Cigarettes (165.86 per cent), Gas Charges for Q1 (108.38 per cent), Diesel (93.82 per cent), Petrol (77.89 per cent), Eggs (77.83 per cent), Rice Irri-6/9 (76.96 per cent), Rice Basmati Broken (75.55 per cent), Pulse Moong (73.30 per cent), Bananas (72.66 per cent), Chicken (64.70 per cent) and Tea Lipton (64.53 per cent).

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While decrease is observed in the prices of Tomatoes (56.29 per cent), Chillies Powdered (7.42 per cent) and Electricity charges for Q1 (6.64 per cent).

The SPI for the current week ended on March 02, 2023 recorded decrease of 0.30 per cent. Decrease is observed in the prices of food items, Onions (13.24 per cent), Eggs (6.11 per cent), Garlic (4.24 per cent), Chicken (2.00 per cent), Tomatoes (0.59 per cent), Pulse Gram (0.38 per cent) and Potatoes (0.33 per cent), non-food items, LPG (1.84 per cent) and Petrol (1.80 per cent).

READ MORE: Headline inflation to surge by over 30 pc in February 2023

On the other hand major increase is observed in the prices of Bananas (7.34 per cent), Long Cloth (3.44 per cent), Energy Saver (3.33 per cent), Vegetable Ghee 1 Kg (2.48 per cent), Gur (2.03 per cent), Cooked Daal (1.87 per cent), Tea Lipton (1.79 per cent), Match Box (1.66 per cent), Lawn Printed (1.52 per cent), Cooking Oil 5 litre (1.45 per cent) and Sugar (1.07 per cent).

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During the week, out of 51 items, prices of 32 (62.75 per cent) items increased, 09 (17.65 per cent) items decreased and 10 (19.60 per cent) items remained stable.