PM contacts economic team over hike in petroleum prices

By Muhammad YaseenPublished On 04 Jan 2023

Islamabad: Prime Minister Imran Khan has directed his economic team to apprise the nation of facts and reasons behind the increase in petroleum prices.

According to details, the prime minister contacted his economic team and directed them submit a comparative report on petroleum prices with other countries, including surge in petroleum rates in international market.

Following a strong public reaction against hike in petroleum prices, PM Imran Khan has instructed Federal Minister for Petroleum Omar Ayub and SAPM on Petroleum Nadeem Babar to hold a press conference and apprise the nation of facts and reasons behind increase in petroleum prices.

It is pertinent to remember that the federal government on Friday raised prices of petroleum products with immediate effect. The new price of petrol is Rs100.10 per litre.

The price of petrol has been increased by Rs25.58 to Rs100.10 per litre, while price of High Speed Diesel (HSD) has been increased by Rs21.13 to Rs101.46 per litre.

On the other hand, the price of Light Diesel Oil (LDO) has been increased by Rs17.84 to Rs55.98 per litre and the price of Superior Kerosene Oil (SKO), has been increased by Rs23.50 to Rs59.06 per litre.