After the “mini-budget,” the government drops a gasoline bomb on the people who are struggling with inflation.

The federal government raised the price of gasoline to an all-time high in order to get the International Monetary Fund (IMF) to release a key loan tranche. This happened just hours after the government released a tax-heavy “mini-budget.”

A press release from the Finance Division said that the new prices will go into effect at midnight tonight.

The price of a litre of gasoline has gone up by Rs22, making it Rs272. The division said that this is because the rupee has lost value against the dollar, making prices go up.

The price of high-speed diesel has gone up by Rs17.20, making it Rs280 per litre. After a price hike of Rs12.90, a litre of kerosene oil will now cost Rs202.73. The price of a litre of light diesel oil will go up by Rs9.68, making it Rs196.68.