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Govt announces increase in petrol price by Rs30

By Internews

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ISLAMABAD, May 27(ABC): Finance Minister Miftah Ismail announced Thursday a massive hike in the price of petroleum products after the International Monetary Fund (IMF) emphasised abolishing the subsidies on commodities.

In a press conference, the finance minister said the government has decided to hike the price of petrol, diesel, kerosene oil, and light diesel by Rs30, effectively from May 27.

New prices (per litre):

Petrol — Rs179.86
Diesel — Rs174.15
Kerosene oil — Rs155.56
Light diesel — Rs148.31

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Internews Pakistan is an Islamabad-based independent news agency, primarily focusing on print and electronic media with its services in text, photo, and video in digital multimedia form. Internews Pakistan, a project of Lord Media Services, offers daily news services, including current affairs news, features, articles, and analyses of current value in Urdu and English. Internews Pakistan has reporters across the country as well as in Azad Kashmir with bureaus in Karachi and Lahore. Internews Pakistan also provides news services by translating foreign English news material into Urdu. Internews Pakistan has been providing news and content services to over 500 organizations, including newspapers, radio stations, TV channels and websites, inside and outside Pakistan.

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