It turns out that this year is going to be a harsh one for the consumers of Pakistan, as many local automakers are increasing the prices of their vehicles. However, recently, the prices of petroleum products has been increased for the seventh time since the last year. PakWheels.com reported earlier that Pak Suzuki had revised the rates of its cars for the second time in a short time. Similarly, the local manufacturer Regal Motors that ships its vehicles under Prince-DFSK brand name, has soared the prices of its vehicles. Not to forget that Regal Motors is the parent company of Road Prince.
The company has changed the prices of three of its vehicles which are as follow:
- DFSK K01 997CC, (pickup): Revised price is PKR 849,000
- DFSK K07 997CC, 6 seater (Minivan): Revised price PKR 1,049,000
- DFSK C37 1500CC, 11 seater (Van): Revised price PKR 1,599,000
Regal Automobile Industries stated that due to the devaluation of Rupee against the dollar and the constant increase in the price of petrol, the company is forced to raise the prices. As mentioned before, Pak Suzuki has also increased the prices of its vehicles, and the company sent a circular to its dealerships across Pakistan in this regard and informed them about the new prices and the date from which the new prices will come into effect, which is 1 March 2018—meaning today. Pak Suzuki has jacked up the prices of its vehicles up to 50,000.
Moreover, the government has also hiked the prices of petroleum products up to PKR 6.
What are your views about the recent price hikes? Mention them in the comments section below.