Diesel hits Rs472 a litre as NA hears rupee cost impact
In the National Assembly, the government also tied a 204% cement jump, dearer steel and hundreds of billions in higher Diamer Bhasha and Dasu dam estimates to the currency slide.
The government told the National Assembly that Pakistani rupee devaluation drove up petroleum and construction material prices and mega dam estimates.
Cement rose 204%, from Rs530 to Rs1,610 a bag; high-speed diesel was cited at Rs472 a litre.
Steel and iron rods rose 268%, from Rs72,000 to Rs265,000 per metric ton.
Diamer Bhasha Dam’s PC-1 cost rose from Rs479 billion to Rs1,121 billion, up Rs642 billion, mainly from exchange-rate moves.
Dasu Hydropower’s estimated cost rose from Rs486 billion to Rs1,740 billion, a 258% overrun.