Pakistan Tehreek-e-Insaf (PTI) criticised the caretaker government for its decision and said the price hike appeared to be "a conspiracy to inflame civil war in the country” as people have already lost their purchasing power due to inflation.
As Pakistan continues to grapple with high electricity bills, the caretaker government on Thursday further jacked up the petrol and diesel prices by over 14 Pakistani Rupees (PKR) taking the price past 300 PKR, Geo News reported on Friday.
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The Pakistan Finance Minister, Ishaq Dar, informed about the development that led to the prices of petrol and diesel at Rs 272.95 and Rs 273.40 per litre, respectively.
Launching a strong attack on the Centre over a hike in commodities prices, Congress on Sunday demanded the government to slash the prices of petrol and diesel by 35 per cent.
Pakistan government is mulling raising the Petroleum Development Levy (PDL) on petrol and diesel from Pakistani Rupees (PKR) 50 to PKR 55 per litre with effect from July 1, 2023, Pakistan-based The News International reported.
Ishaq Dar said that the prices of petrol and diesel will remain unchanged. The decision to keep the petroleum products prices unchanged is taken in view of international rates, according to ARY News.
The Ministry of Petroleum and Natural Gas on Wednesday, agreed to convert existing wholesale petrol and diesel dealership licensed under Primary Agricultural Credit Societies (PACS) into retail outlets, the Ministry of Cooperation said in a statement.
Prices of petrol and diesel increased in India's immediate neighborhood and as well as some other advanced countries at a time when they declined back home in India, data from various sources showed.