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Petrol price hiked by Rs. 30 per liter

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ISLAMABAD: Petrol price hiked by Rs. 30 per liter: The government has increased the price of petrol by Rs 30 per liter

The federal government has once again increased the price of petrol by Rs 30 per liter.

During a press conference in Islamabad, Finance Minister Miftah Ismail said that despite the increase in prices of petroleum products, huge losses were being incurred.

Raising the prices of petroleum products is inevitable as former Finance Minister Shaukat Tareen has made difficult decisions due to his agreement with the IMF.

“Oil prices are also rising in the world market, which is why we are forced to rise,” he said.

If the OGRA summary comes on June 15, it will further increase the loss to the national exchequer.

New prices after Petrol price hiked:

It announced an increase of Rs 30 per liter for petrol. Now people will buy petrol for Rs 209.86 per liter, Rs 204.15 per liter for diesel, Rs 178.03 per liter for light diesel, and Rs 181.94 per liter for kerosene.

The Finance Minister said that Prime Minister Shahbaz Sharif has started a scheme of cheap petrol, from which 14 thousand people are being given Rs. 2000 per month, Rs. 28 billion will be given in this regard.

Miftah Ismail said that under the relief package, sugar would be available at Rs 70 per kg and flour at Rs 40 per kg at the utility stores while subsidies on rice, pulses, and ghee would continue for some time but subsidy on sugar and flour would continue throughout the year.

He said that the amnesty scheme given by the Pakistan Tehreek-e-Insaf (PTI) government has also come to an end on June 2. An agreement will be reached with the IMF in June as the IMF is also looking into the budget.

The Finance Minister said that talks are being held with the IMF on a daily basis. We cannot accept every word of the IMF, but we have to accept some difficult things.

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