PML-N responsible for oil price hike: Shah | Pakistan Today

PML-N responsible for oil price hike: Shah

Pakistan People’s Party (PPP) leader Khursheed Shah on Sunday said the Pakistan Muslim League-Nawaz (PML-N) led government had been exposed for boasting ‘fake’ economic development.

It was reported that the opposition leader requested the interim government to be considerate to the masses following the recent hike in petrol prices. Shah rejected the oil price hikes laid out by the interim government and said the new development will trigger inflation.

“The masses have to endure consequences of PML-N’s bad policy-making decisions,” he added.

In a major blow to the consumers, the caretaker government increased oil prices up to Rs 14 per litre for the month of July.

The Finance Ministry on Saturday issued a statement and said the government had to pass on the full impact of the oil prices to the consumers following the depreciation of rupee against dollar.

The Oil and Gas Regulatory Authority (Ogra) had proposed an increase in the petrol price by Rs7.54 per litre, high-speed diesel (HSD) Rs14 per litre, kerosene oil Rs3.36 per litre and light diesel oil  (LDO) Rs5.92 per litre.

After an increase in prices of petroleum products, petrol will be available at Rs99.50 per litre, the HSD Rs119.31 per litre, kerosene oil Rs87.70 per litre and the LDO Rs80.91 per litre.

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