Bilawal Bhutto slams hike in petrol prices

KARACHI: Pakistan Peoples Party Bilawal Bhutto Zardari slammed the hike in petrol prices and demanded the price increase be reversed.

In a statement, the PPP chairman said that the petrol bomb is being dropped on people as revenge.

“We will not stand for the economic murder of the country,” he said, adding that the economic attack by Pakistan Muslim League-Nawaz will be combated.

On Wednesday, the government revised prices of petroleum products increasing the price of petrol by Rs2.98 per litre. The revised price of petrol would be Rs84.91 per litre.

The price of diesel has been increased by Rs5.92, while the price of light diesel has also been increased by Rs5.93. Diesel will now be retailed at Rs95.83 per litre while light diesel will be sold for Rs64.30 per litre.

Kerosene oil witnessed an increase of Rs5.94 per litre and will now be sold for Rs70.26 per litre.

On the other hand, Adviser to the Prime Minister of Pakistan for finance, revenue, and economic affairs Miftah Ismail shared that the price of petroleum products were increased due to rising prices in the international market.

Oil and Gas Regulatory Authority (OGRA) had recommended an increase of Rs10 to Rs12, he remarked in a statement. 

The additional burden will be borne by the government, he added. 

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On January 1, the government had revised prices of petroleum products increasing the price of petrol by Rs4.6 per litre.

PM's adviser on finance, Miftah Ismail, had announced revised rates of petroleum products.