In a recorded video statement, he said petrol prices would be raised by 19.95 Pakistani rupees per litre and diesel by 19.90 rupees per litre.
The fuel prices increased sharply in the international market in the last 15 days, Dar said, adding his government had tried to minimise the hike.finalised on June 30 after eight months of negotiations over fiscal discipline. The major increase in petroleum prices will have political implications for Dar's coalition government just months away from a general election. The South Asian nation of 220 million people already has an inflation rate of more than 29%.Thomson Reuters
Shahzad is an accomplished media professional, with over two decades of experience. He primarily reports out of Pakistan, Afghanistan regions, with a great interest and an extensive knowledge of Asia. He also reports on politics, economy, finance, business, commodities, Islamist militancy, human rights
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