Finance Minister Miftah Ismail announced a hike in the price of petroleum products after the International Monetary Fund (IMF) emphasized the termination of subsidies to revive the bailout program.
In a press conference, the finance minister explained that the decision was taken in order to ensure the revival of the IMF programme.
After the increase, the new prices are as follows:
Petrol — Rs179.86
Diesel — Rs174.15
Kerosene oil — Rs155.56
Light diesel — Rs148.31