Islamabad: Federal Government has increased prices of petrol and diesel by more than Rs19 per litre.
Finance Minister Ishaq Dar, in a video message on Tuesday, announced a massive Rs19 per litre increase in the price of petrol and diesel, which he said was done in line with the International Monetary Fund's (IMF) demands.
The cost of High-Speed Diesel (HSD) increased by Rs19.90 to dial in at Rs273.40 per litre while that for petrol was hiked by Rs19.95 to Rs272.95 per litre.
The revised prices have come into effect immediately.
Meanwhile, the business community and local traders have expressed outrage over the development, threatening to call a strike nationwide should the price hike not be reversed.