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Tuesday, November 5, 2024

Government Announces Massive Hike In Petroleum Price, Touches Rs. 190

The inflation bomb dropped on the public as the government announced an increase of 30 rupees in the prices of petroleum products. Finance Minister Miftah Ismail announced the decision in a press conference a few minutes ago.

The government of Pakistan is trying to get a deal finalized with International Monetary Fund. IMF demanded to increase the petrol prices that were subsidized until July by the previous government of Pakistan Tehreek E Insaf.

After the hike, petrol prices are nearly 200 as petrol reached 180. The prices of other products including diesel, light diesel, and kerosene oil have also increased.

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