The government of Pakistan has increased the profit margin for petroleum dealers and oil marketing companies (OMCs).
This means that the price of petrol and diesel is likely to go up in the last 15 days of September.
The increase in the profit margin is to defer a nationwide strike by pump owners who were demanding a higher profit margin.
The new price is likely to hurt people who are already struggling with high inflation.
The government has increased the profit margin for OMCs by Rs1.87 per litre and for dealers by Rs1.64 per litre.
This will be implemented in two phases, with the first phase taking effect in the second half of September.
The government has not announced how much the price of petrol and diesel will go up, but it is likely to be around Rs3.5 per litre.
This would take the price of petrol to over Rs310 per litre.
The increase in the price of petrol and diesel is likely to have a cascading effect on the prices of other goods and services.
This will make it even harder for people to make ends meet.