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Thursday, July 7, 2022
HomeNationalSecond strike: Government drops petrol bomb as country reels from power hike

Second strike: Government drops petrol bomb as country reels from power hike

Fuel hike comes after power tariff hike of Rs7.91 today

Just a week after increasing the petrol prices and on the same day as the increase in the price of electricity, the government pushed up petrol prices by Rs30 per litre.

Finance Minister Miftah Ismail on Friday announced that the federal government had decided to increase the prices of all petroleum products.

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The updated process will come into effect from midnight, the minister announced while addressing a press conference in the capital.

According to the latest increment, the petrol will be priced at Rs209.86, diesel at Rs204.15, kerosene oil at Rs181.94 and light diesel at Rs178.31.

“The government is still facing a loss of around Rs9 in petrol despite a hike of Rs30 as we are not collecting any tax on the fuel,” the minister said.

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The minister said that they were talking with the International Monetary Fund (IMF), but could not accept all their demands. However, on specific points, the government had to agree, he added.

While assuring the nation, he said that the government would keep the prices of sugar and wheat at Rs70 per kg and Rs40 per kg at utility stores countrywide.

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