Massive increase in the prices of Diesel and petrol announced

The government increases the price of petrol  to Rs233.89 per litre and diesel Rs263.31

The coalition government led by PM Shahbaz Sharif has dropped another petrol bomb on the already struggling people of Pakistan. The coalition government once again succumbed to the pressure of IMF to end subsidy on petrol and diesel. The government will not provide any subsidy on the petroleum products from June 16.  

The price of diesel jacked up to Rs59.16 per litre while price of petrol increased Rs 24.03 per litre.  Finance Minister Miftah Ismail and Federal Minister Dr Musadik Malik announced today June 15 that the government has decided to increase the price of petrol and diesel.  

“The [government] will now bear no more losses on petroleum products,” the finance minister said during a press conference, asking the masses to bear the burden for a few months as the government had no other option.

“We know that people would suffer because of this, but we were helpless as the other path was the path of destruction. We will not take the country towards it,” the finance minister said.

The finance minister the government would soon control inflation and provide relief to the people.

Miftah said the new prices would come into effect from 12am on June 16. The new prices would come into effect from 12am on June 16.

Commodity	Old price	New price	Change
Petrol	Rs209.86	Rs233.89	+24.03
Diesel	Rs204.15	Rs263.31	+59.16
Kerosene oil	178.31	Rs211.43	+33.12
Light diesel oil	Rs181.94	Rs207.47	+25.53

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