Fawad justifies rising fuel prices, links to global oil rates

As oil prices continue to dig into buyers’ pockets, Fawad Chaudhry, Federal Minister of Information and Broadcasting, said the upward trajectory observed by petroleum products is due to rising prices in the international market. rough.

Chaudhry, while justifying the rise in prices, said on Twitter that the prices of petroleum products in Pakistan are dependent on world oil prices and that there has been a rise in world crude prices.

The minister wrote: “Propaganda is spread about the surge in oil prices as if we [Pakistanis] live on a planet separate from the world.

“The whole country cannot function on subsidies. Today the prices are high. Tomorrow, when prices will drop (on the international market), then they will follow suit here too, ”added the Minister of Information.

Pakistan’s outgoing government Tehreek-i-Insaf (PTI) has come under heavy criticism after oil prices rose Rs 9-12 to 12 on Saturday.

The opposition called the new oil price hike a government failure and demanded the immediate resignation of Prime Minister Imran Khan to bring relief to the people.

Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari said in a statement that the PTI caused a tsunami of inflation in the country by raising the prices of petroleum products to a new high.

“By raising the price of gasoline by more than 10 rupees a liter, the government is making the people pay for their own incompetence,” Bilawal said.

On the other hand, Pakistani Muslim League-Nawaz (PML-N) President Shehbaz Sharif called the increase in the prices of POL products a “mini-budget”.

“Imran Niazi should resign instead of killing people with such deadly inflation,” Shehbaz said while criticizing the PTI government.

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