Fuel price hike was necessary to avoid bankruptcy, says Pak PM Shehbaz
Pakistan Prime Minister Shehbaz Sharif on Friday said his government’s move to increase fuel prices was necessary to avoid the country from facing bankruptcy.
Pakistan on Thursday increased the prices of petroleum products by Rs 30 per litre. Following the hike, price of petrol is now at Rs 179.85, diesel at Rs 174.15, kerosene at Rs 155.95 and light diesel at Rs 148.41.
In his first address to the nation after assuming power last month, Shehbaz talked mostly about the domestic problem faced by the government.
His main focus was the relief package for the vulnerable groups after the government increased the petroleum prices to get an assistance package from the International Monetary Fund (IMF).
