Bilawal rejects ‘massive’ oil price hike

PPP President Bilawal Bhutto Zardari. Photo: file

KARACHI: PPP chairman Bilawal Bhutto Zardari on Thursday rejected the recent “massive” price hike for petroleum products and said the government was pillaging the population.

Criticizing the PTI-led federal government, the PPP chairman said: “The whole nation is crying over record inflation and Khan Sahib is fiddling with.”

The incumbent leaders have taken oil prices to an all-time high in the country, he added.

Speaking of the promises made by the PTI to the masses and the great demands for relief after the budget, Bilawal Bhutto asked: “Khan Sahib! When will the good days come for the nation?

“Oil prices in Pakistan are still the lowest in the region”

Meanwhile, Information and Broadcasting Minister Fawad Chauhdry defended the hike, saying oil prices in Pakistan are still the lowest in the region.

In response to the backlash from the rising prices, Fawad Chauhdry said that the country imports oil, therefore, its prices will rise when they rise in the world market. This is the principle for the rest of the imports.

He said the real achievement is that the income of 75% of our population has also increased significantly.

The minister said that Pakistan’s purchasing power is better than that of India.

However, acknowledging the hardships of the working class, he said that our 60% of the population is engaged in the agricultural sector which has received an additional income of Rs11.00 billion rupees.

He said the incomes of millions of people associated with construction and industries have also increased.

Gasoline prices increased by Rs5

Earlier on Wednesday, the government announced a 5 rupee increase in the price of gasoline “due to fluctuations in oil prices on the international market and fluctuating exchange rates.”

According to a notification from the Finance Division, in addition to gasoline, an increase in other petroleum products will also be applied from September 16.

Gasoline, with the increase of Rs5, will cost Rs 123.30 per liter, while high speed diesel, with an increase of Rs 5.01, will cost Rs 120.04 per liter.

In addition, kerosene will cost Rs 5.46 more and therefore will be priced at Rs 96.26 per liter, while light diesel will become Rs 5.92 more expensive to cost Rs 90.69 per liter.

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