Thursday, December 8, 2022

No petrol price will increase today: Miftah Ismail 

On Tuesday, Finance Minister Miftah Ismail stated that the administration does not intend to raise the price of petrol or other fuels.

Miftah Ismail provided the clarification after his earlier remarks about a possible increase provoked alarm among consumers and motorists who were waiting in line at petrol stations as several filling stations shut down.

The Minister of Finance issued the following statement via Twitter: “In the pre-budget seminar, I never even spoke about the costs of petroleum.” There will be no rise in pricing today, and there is currently no summary nor a plan in place to raise prices.

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Miftah’s earlier statement:

Miftah Ismail, the Minister of Finance, has indicated that the government is considering raising the price of petrol in the days to come.

On Tuesday, when speaking at a pre-budget conference, the minister of finance predicted that “petroleum prices will further go up in coming days.”

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Ismail stated that the price of a liter of diesel should be Rs300, while the price of a liter of gasoline should be Rs270, as per the agreement that the previous finance minister Shaukat Tarin made to the IMF.

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