The government has announced yet another increase in the prices of petroleum products late on Wednesday night, with petrol now being sold at Rs233.89 per litre after a hike of Rs24.
The petroleum products are being sold at Rs233.89 per litre, HSD Rs263.31, kerosene Rs211.43, and LDO Rs207.47, according to the latest announcement.
The prices have been increased in an effort to do away with the subsidies that were being provided on the petroleum products.
Meanwhile, Prime Minister Shehbaz Sharif took to Twitter on Thursday morning to say that the government had no choice but to raise fuel prices. He blamed the former Pakistan Tehreek-i-Insaf government for signing the deal with the International Monetary Fund that called for an increase in fuel prices.
He said that he was “acutely aware of the impact that a fuel price hike causes”. He criticised the PTI in the follow-up team and questioned as to how could they pretend to be innocent when they caused the harm in the first place.
Acutely aware of the impact that a fuel price hike causes. Govt is left with no choice but to raise the prices due to IMF deal that PTI govt signed. Will take the nation into confidence on the specifics of the IMF-PTI deal soon. We will get out of these economic difficulties, IA.
— Shehbaz Sharif (@CMShehbaz) June 16, 2022