Pakistan Railways has recently announced a 3% increase in the fare for various freight trains, citing the government’s upward revision of petroleum prices. This adjustment is set to take effect from July 3, 2024. The decision comes in response to the federal government’s move to raise petrol prices by Rs7.45 per litre and high-speed diesel (HSD) by Rs9.56 per litre, effective from July 1.
In an official notification, Pakistan Railways specified that certain commodities such as steel coils, petroleum products, LHC, LMC, hunting charges, and others will be exempt from the fare hike. This measure aims to mitigate the impact on sectors crucial for economic stability.
“The prices of petroleum products have shown a consistent rise in the international market over the past fortnight,” the notification highlighted, emphasizing the necessity of adjusting domestic fares to align with global trends.
This adjustment marks the first such revision since the announcement of the federal budget for the fiscal year 2024-25 on June 12. Pakistan Railways continues to play a vital role in the country’s logistics and transportation infrastructure, adapting its tariffs in response to external economic factors to ensure operational sustainability and service continuity.
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