Inflation Alert: Govt Raises Petroleum Prices, Consumers React

Islamabad: The loyal government has announced an Govt Raises Petroleum Prices of petrol by Rs 19.95, which will come into effect immediately.

The Federal Finance Minister Ashaq Dar while addressing the press conference said that it has been decided to increase the price of high speed diesel by Rs 19.90 paise and that of petrol by Rs 19.95 paise, after which the price of petrol per liter will be Rs 272. 95 paise while the per liter price of high speed diesel will be Rs 273.40 after the increase.

Ashaq Dar said that the prices have increased a lot in the international market during the last fifteen days, oil has increased from $ 89.14 to $ 97.39 on July 16.

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Yesterday we have reviewed the working of Ogra in every respect, The consultation continued till three o’clock, efforts were made to reduce it if possible, but we are also in the program of IMF, if you remember, this problem happened in the past also and the government did not fulfill the international promises, the national Keeping the interest in front, it is necessary that the prices should be increased.