Govt left with no choice but to raise petrol price due to PTI-IMF deal: PM

Govt left with no choice but to raise petrol price due to PTI-IMF deal: PM

Islamabad (Web Desk): Prime Minister Shehbaz Sharif Prime Minister Shehbaz Sharif on Thursday said that his government left with no choice but had to raise the petroleum prices due to the deal of former Pakistan Tehreek-e-Insaf (PTI) government with the International Monetary Fund (IMF).

The premier said that this a day after the fuel prices were increased for the third time in 20 days.

In his Twitter message, PM Shehbaz expressed the confidence that Pakistan will get out of economic difficulties.

The prime minister said that he is acutely aware of the impact that a fuel price hike causes.

PM Shehbaz said that the nation will soon be taken into confidence on the specifics of the IMF-PTI deal.

The prime minister wondered whether those who struck the worst ever deal with the IMF and took patently bad economic decisions have the conscience to face the truth.

"How can they pretend to be innocent when what the nation is going through is clearly their doing?". "Details soon," PM Shehbaz said.

Earlier on Wednesday, the Pakistan Muslim League-Nawaz (PML-N)-led coalition government increased the prices of petroleum products.

Starting from June 16 (today), the price of petrol will be Rs233.89 per litre, diesel will be Rs263.31, kerosene oil will be sold for Rs211.43, and the price of light diesel oil will be Rs207.47.

Addressing a news conference along with Minister of State for Petroleum Musadik Malik in Islamabad, Finance Minister Miftah Ismail said that the government is committed to control the situation of the country within two to three months but it has to take difficult decisions.

He said the prices of petroleum products in the global markets are much higher as compared to Pakistan and incumbent government is also compelled to raise prices due to commitments made by previous government with the IMF.