ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Asia

Pakistan hikes petroleum prices by Rs 8.14 per litre

Islamabad [Pakistan], November 5 (ANI): Prime Minister Imran Khan led-government has increased petroleum prices by up to Pakistani Rupees 8.14 per litre, local media reported on Friday.

ANI Nov 05, 2021 09:50 IST googleads

Representative image

Islamabad [Pakistan], November 5 (ANI): Prime Minister Imran Khan led-government has increased petroleum prices by up to Pakistani Rupees 8.14 per litre, local media reported on Friday.
The decision was announced on Friday by the ministry of finance. The prime minister had early this week put on hold the increase in the wake of protest by the Tehreek-i-Labbaik Pakistan, reported Dawn.
On the basis of tax rates, import parity price and exchange rate, the government increased the price of petrol and high-speed diesel by Rs 8.03 and Rs 8.14 per litre, respectively. Similarly, the prices of kerosene and light diesel oil were increased by Rs 6.27 and Rs 5.72 per litre, respectively, said the Pakistani publication.
This comes after Imran Khan on Wednesday announced "country's biggest-ever" subsidy package worth Rs 120 billion, providing 30 per cent discount on ghee, flour and pulses to support 130 million people by ebbing away from the impact of inflation.
Shortly after Khan's announcement, opposition leaders had criticised the move and had called it an "acceptance of the government's failure" and "nothing but a joke", said the Pakistani publication.
Taking to Twitter, PPP Chairman Bilawal Bhutto-Zardari had said that the PM's package is "too little for 200 million people," Geo News reported.
Following suit, former senator and Pakistan Peoples Party (PPP) leader Sherry Rehman had termed PM Imran Khan's address to the nation a "bizarre speech", and called the premier the "Blame Minister of Pakistan". (ANI)

Get the App

What to Read Next

US

Ending Iran's nuclear ambitions over oil profits: Trump clarifies

Ending Iran's nuclear ambitions over oil profits: Trump clarifies

In a post by the White House, President Trump, while acknowledging that the United States is currently the world's leading oil producer and stands to benefit financially from higher crude prices, emphasised that his administration's overriding mission remains the permanent dismantling of Iran's nuclear program.

Read More
Europe

Blasphemy laws in Pakistan target religious minorities: GHRD

Blasphemy laws in Pakistan target religious minorities: GHRD

At the 61st session of the United Nations Human Rights Council, the organisation Global Human Rights Defence (GHRD) raised concerns over the continued misuse of blasphemy laws in Pakistan and their impact on religious minorities.

Read More
Asia

"US will never risk sending its navy to open up Strait of Hormuz”

Sibal argued that the US is unlikely to risk a naval operation to forcibly "reopen" the Strait of Hormuz as the deep-water channel necessary for large vessels lies within Iranian territorial waters. Iran does not need sophisticated long-range missiles to defend this corridor; short-range missiles, torpedoes, and mines can easily sink high-value naval assets.

Read More
US

Brazil’s Silveira rules out fuel shortages, slams speculation

Brazil’s Silveira rules out fuel shortages, slams speculation

Speaking to journalists, Silveira said the country's fuel supply remains stable and the government is closely monitoring developments in the international oil market as well as domestic price movements.

Read More
Asia

MEA rejects Pakistan’s statement on India-Canada deal

MEA rejects Pakistan’s statement on India-Canada deal

"We reject this statement made by Pakistan on the matter. India's credentials regarding non-proliferation are impeccable and well recognised by the global community. A country with a well-documented history of clandestine nuclear proliferation can hardly preach the virtues of export controls and proliferation risks. Such ludicrous statements are nothing more than an attempt by Pakistan to distract from its own abysmal record," he said.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.