Govt increases petrol price by Rs24.03 per litre to Rs233.89

ISLAMABAD (92 News) – The government has increased the the price of petrol by Rs24.03 per litre to Rs233.89.

Addressing a news conference along with Minister of State for Petroleum Musadik Malik in Islamabad, Finance Minister Miftah Ismail said that the new price of petrol will be Rs233.89 rupees per litre, diesel Rs263.31 per litre, kerosene oil Rs211.43 per litre and light-speed diesel Rs207.47 per litre.

“The government is committed to control the situation of the country within two to three months but it has to take difficult decisions. The prices of petroleum products in the global markets are much higher as compared to Pakistan and incumbent government is also compelled to raise prices due to commitments made by previous government with the International Monetary Fund.”

Speaking on the occasion, Minister of State for Petroleum Musadik Malik had said that the government will have to bear the burden of Rs100 billion per month if the prices are not increased. “The government is committed to providing relief to the poor segment of the society and save them from the impact of rising fuel prices.”

“The fformer PTI government has left a circular debt of Rs1400 billion in the gas sector,” he concluded.