Islamabad (Staff Report): Opposition parties including Pakistan Muslim League-Nawaz and Pakistan Peoples Party have rejected the fresh hike in the prices of all petroleum products.
Opposition Leader in the National Assembly Shehbaz Sharif tweeted, “The government should take back the bewildering increase in petrol and diesel prices. The 'tsunami of inflation' has made life extremely difficult for the Pakistani nation.”
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"Petrol/diesel/electricity prices skyrocket; meteoric rise in gas bills cripples 90 pc of Pakistan; 33 pc devaluation of rupee, hike in central bank’s policy rate by 450 points! Welcome to high-delivery #NayaPakistan. Brings IMF to your doorstep even before signing. One tabdeeli at a time," PPP Senator Sherry Rehman said in a tweet.
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On Sunday, the federal government increased petrol prices by up to Rs6 per litre from April 1st.
The new price of petrol will now be Rs98.89 per litre. The price of high speed diesel was also increased by Rs6 per litre, taking it to Rs117.43 per litre.
Similarly, the prices of light diesel oil and kerosene oil went up by Rs3 per litre each, taking them to Rs80.54 and Rs89.31 per litre, respectively.
