Finance Minister Muftah Ismail has increased the price of petrol and diesel by Rs 30 per liter and the new prices will be applicable from 12...
Finance Minister Muftah Ismail has increased the price of petrol and diesel by Rs 30 per liter and the new prices will be applicable from 12 noon tonight.
Speaking at a press conference in Islamabad, Finance Minister Muftah Ismail said that it was a difficult decision to impose more burden on the people and if we impose more burden on the people, how much more? Is happening
He said that in the first 15 days of this month, a loss of Rs. 55 billion has been incurred and this government cannot bear it.
He said that if there is a loss of Rs.100 billion or Rs.100 billion this month then our civilian government is three times running, on the one hand the monthly expenditure of running the entire government is Rs.42 billion while subsidy on petrol and diesel is Rs.120 billion.
The Finance Minister said that a man is giving a subsidy of Rs. 40 to other Pakistanis on top of petrol.
He said that an average Pakistani earning income was subsidizing a richer Pakistani.
"Due to this subsidy, the use of petrol and diesel has also increased here and our external reserves are also under pressure," he said.
He said that the price of petrol, diesel, kerosene oil and light diesel oil would be increased by Rs 30 per liter from tonight.
He said that the new prices would be applicable from 12 midnight.
No comments
Thanks