ISLAMABAD: PML-N-led coalition government on Wednesday has jacked up petrol price by Rs24 per litre, ARY News reported.
The announcement was made by Finance Minister Miftah Ismail while addressing a press conference in Islamabad, citing government was not in a position to bear more subsidies anymore.
He said that the new prices will come into effect from 12 am on June 15.
Miftah criticised the previous government’s policies that, according to him, “deteriorated the country’s economy”.
The finance minister said the incumbent government was bearing the brunt of that, adding that currently, Pakistan, on every litre, was bearing a loss of Rs24.3 on petrol, Rs59.16 diesel, Rs39.49 kerosene oil, and Rs39.16 on light diesel oil.
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