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ISLAMABAD: Finance Minister Miftah Ismail announced Wednesday that the government has decided to jack up the price of petrol from Rs24.03 to Rs233.89 per litre.
“The [government] will now bear no more losses on petroleum products,” the finance minister said during a press conference, asking the masses to bear the burden for a few months as the government had no other option.
Miftah said the new prices would come into effect from 12am on June 16.
| Commodity | Old price | New price | Change |
| Petrol | Rs209.86 | Rs233.89 | +24.03 |
| Diesel | Rs204.15 | Rs263.31 | +59.16 |
| Kerosene oil | 178.31 | Rs211.43 | +33.12 |
| Light diesel oil | Rs181.94 | Rs207.47 | +25.53 |
“We know that people would suffer because of this, but we were helpless as the other path was the path of destruction. We will not take the country towards it,” the finance minister said.
More to follow
