Pakistan’s Finance Minister Miftah Ismail announced that from June 16, the price of petrol will be increased by Rs 24 per liter and will be sold for Rs 233.89.
From June 16, petrol will be sold at Rs 233.89 per liter and diesel for Rs 263.31, kerosene will cost Rs 211.43 and light diesel oil will cost Rs 207.47 in Pakistan. (representative image)
Pakistan’s Federal Finance Minister Miftah Ismail said on Wednesday that the government is no longer in a position to bear subsidies on petroleum products, and announced an increase of Rs 24.03 in petrol prices, taking it to a record high of Rs 233.89. . liters
The minister said that from June 16, petrol will be sold at Rs 233.89 per liter and diesel at Rs 263.31 per liter, kerosene will cost Rs 211.43 and light diesel oil will cost Rs 207.47.
Minister Miftah, who was accompanied by Minister of State for Petroleum Musadk Malik, criticized the policies of the previous government and said it “spoiled the country’s economy”.
Miftah said that former PM Imran Khan deliberately reduced petrol prices by giving subsidies and the present government is bearing the brunt of those decisions.
According to Minister Miftah Ismail, Pakistan is incurring a loss of Rs 24.03 on petrol, Rs 59.16 on diesel, Rs 39.49 on kerosene and Rs 39.16 on light diesel oil per liter.
He said that in May the deficit has crossed Rs 120 billion, which is more than three times the expenditure of the civilian government, which is Rs 4 crore.
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