PoGB gripped by inflation: Fuel price hike sparks economic crisis, daily life hit

• Pakistan-occupied Gilgit-Baltistan (PoGB) faces severe economic strain due to soaring fuel prices, triggering a fresh wave of inflation.
• The Oil and Gas Regulatory Authority increased petrol prices by 55 rupees per litre, a significant jump from routine gradual hikes, according to politician Shafqat Ali Inqalabi.
• Rising fuel costs have drastically increased transportation expenses and prices of essential commodities, making daily life difficult and affecting school attendance.
• The price surge during Ramadan and approaching Eid has forced many to cut travel, with public transport fares also increasing and many cars off the roads.
• PoGB's reliance on supplies from cities like Lahore, Karachi, Peshawar, and Rawalpindi means higher transport costs are driving up prices for construction materials, food, and daily necessities.