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HomeWorldPakistangovernment once again drops a "gasoline bomb"

government once again drops a “gasoline bomb”

coalition government led by Pakistan Muslim League-Nawaz (PML-N) once again raised prices of oil products by up up to 59 rubles per liter.

Price of diesel was increased by Rs 59.16 per litre, gasoline by Rs 24.03 per liter, kerosene by Rs 33.12 per liter and light diesel fuel at Rs 25.53 per litre, said Finance Minister Miftah Ismail, speaking to news conference along with Minister of State for Petroleum Musadiq Malik late on Wednesday.

This is the third such promotion. in in less than a month.

Read more: Pakistan to default if subsidies not lifted by July: Mifta

new prices will apply from midnight.

From June 16 to price of gasoline will cost Rs 233.89 per liter, diesel will be sold at Rs 263.31, kerosene at Rs 211.43, and light diesel fuel will available at a price of 207.47 rupees per litre, according to Mifta.

minister categorically stated that government will not suffer losses on oil products now on. “We are not want to face we see a similar situation in Sri Lanka in… we must eliminate subsidies, ”he reasoned.

“I have never seen the economic state of the country in this mess… reason for this is incompetence of Imran Khan and global inflation after the coronavirus pandemic … Pakistan became the third largest expensive country in in world during this period,” he said. added.

He said that Imran Khan put down land mines for PML-N governmentcriticizing the agreement last government ink with International Monetary Fund (IMF).

See also: Hands of the IMF list of requirements for credit recovery

“Now we’re trying to reach new agreements and God willing, we will succeed in this is… former decree party agreed to impose a fee of 30 rupees per liter of gasoline,” he said. added.

Finance minister said that when PTI left, price for petrol in in international market was from 80 to 85 dollars per barrel, and today it has reached 120 dollars.

“We were still selling gasoline cheaply. rate and even today our prices are comparatively lower than the rest of in world.”

Lamenting that he government took in step with “heavy heart” result in further burdening the masses, Miftah said that government followed the others of in world.

“It reason Why prime minister introduced a gasoline scheme under which eight million people will receive 2,000 rupees a month, and from June six million more will be included in program, he added.

He said that during the pandemic, gasoline was available from 6 to 7 dollars per barrel, adding that the previous government did not benefit from it. “We took difficult decisions before and will continue to take them in in future as well as… government understands that this is a difficult period, but we hope that we soon get out of it’s him added.

He said that government did not impose any taxes on poor man in in budget and higher taxes on rich.


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Derrick Santistevan
Derrick Santistevan
Derrick is the Researcher at World Weekly News. He tries to find the latest things going around in our world and share it with our readers.

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