Latest petrol price in pakistan today 2022-The World News Daily Blogs

 Latest petrol price in pakistan today 2022-The World News Daily Blogs

Latest petrol price in pakistan today 2022-The World News Daily Blogs

Finance minister miftah ismail addressing a group discussion in islamabad, pakistan on june 2. islamabad: government minister miftah ismail thursday announced the federal government's decision to extend the value of petrol to rs209.86. 

addressing a group discussion in islamabad, the minister said that prime minister shehbaz sharif has approved hiking the rates of petrol, diesel, and light-weight diesel by rs30 per litre. however, the worth of kerosene oil has increased by rs26.38 per litre. "...kerosine oil is that the only commodity which isn't resulting in losses for the govt.. however, we face losses of rs8 on light diesel, rs9 on petrol, and rs23 on high-speed diesel," said ismail. new price (per litre): petrol — rs209.86 diesel — rs204.15 light diesel — 178.31 kerosene oil — rs181.94 he acknowledged that the lower-income segment of society would be affected the foremost as a results of the petrol price hike, but noted that the speed of oil has also sky-rocketed within the international market. in response to an issue, the minister of finance said he was hopeful of reaching an agreement with the imf in june, but noted that there have been some reforms that the govt. still had to introduce. "the imf wants to work out our budget, that the reforms that we wish to introduce are introduced before the budget. however, we are talking to the imf on a day to day," he said. ismail said the value hike was inevitable as he had to strike a handle the international money lender as ex-finance minister shaukat tarin had "tied the government's hands" because of the agreements he made with the imf during his tenure.

Latest petrol price in pakistan today 2022-The World News Daily Blogs

importing oil from russia in response to an issue, the government minister said the previous government didn't make substantial efforts to import oil from russia — a much-touted claim that the pti has been making. ismail said when khan concluded his russia visit, no newspaper mentioned islamabad's cope with moscow daily then. "if there's a mention of it, let me know." the minister added that ex-energy minister hammad azhar had written a letter to the russian authorities about pakistan's willingness to import oil from moscow. "but he did not respond [...] and that we also contacted him through diplomatic channels, but he decided not to respond to our offer, "the government minister noted. however, he mentioned that the russian authorities told pakistan that the country failed to complete the 2015 gas agreement.

 "so i cannot force the vendor," ismail said. he noted that pakistan are willing to import cheap oil from russia, as long as no sanction are imposed on islamabad. china to refinance pakistan with $2.3 billion the government minister confirmed that chinese banks have agreed to refinance pakistan with $2.3 billion worth of funds which is predicted to prop up pakistan's exchange reserves. in an earlier twitter, ismail wrote: "good news. the terms and conditions for refinancing of rmb 15 billion deposit by chinese banks (about $2.3 billion) are agreed the minister further added that inflow is predicted "shortly" after some routine approvals from each side, adding that this can help prop up the country's exchange reserves. 'to keep rates of sugar and wheat fixed' in a bid to ease the effect of inflation on the masses, the minister said the govt. would try its best to stay the worth of sugar fixed at rs70 per kg and wheat at rs40 per kg at the utility stores. ismail said the govt. was giving subsides of rs100 on oil and rs15 on rice and pulses at the utility stores across the country. "the subsidies on vegetable oil and ghee will continue for a few time, but we are going to attempt to ensure — in line with pm shehaz sharif's directions — to stay the rates of sugar and wheat fixed." 

Latest petrol price in pakistan today 2022-The World News Daily Blogs

electricity rates on today's hike in electricity prices, the government minister said he has "not seen" the national electrical power regulatory authority's (nepra) report as of yet, but assured that the rise wouldn't reflect on june's bills. nepra has raised the essential power tariff by rs7.9078/kwh for the following twelvemonth 2022-23, increasing the burden of inflation on the people of pakistan. currently, the essential power tariff is rs16.91 per unit, and with a rise of rs7.9078 per unit, it'll be over rs24 per unit. 'reducing govt's expenditure wouldn't affect national exchequer majorly' slamming the imran khan-led government, the government minister said his government had installed "land mines" for the incumbent thanks to the policies that they had made. ismail said the pti government failed to make "any decisions" that were fruitful for the country's economy, left historic loans, and his policies were resulting in depletion within the exchange reserves. 

"i failed to have any option but to increase the expenses.. even imran khan [would have increased the prices]. but now he's making irresponsible statements that the country will default; an ex-prime minister mustn't be issuing such remarks," he said. the minister of finance said reducing the government's expenditure wouldn't have a serious effect on the national exchequer because the total monthly cost is around rs40 billion, while the subsidy on petrol costs quite rs100 billion. ismail said whether or not he reduces the government's expenditure by 10%, the country could save only rs4 billion monthly, which wasn't substantial. however, the subsidy on petrol costs the govt rs4 billion per day, he said. imran khan asked the supporters to protest against the anti-people policies of the government. 

reacting to the government's decision to hike the costs of petroleum products, former prime minister and pti chairman imran khan urged people to require to the streets tomorrow to protest the government's "anti-people policies of exorbitant price hikes to crush the people and spread economic catastrophe within the country"۔ 

The importing government has increased the prices of petroleum by 40% or Rs 60 per liter. This will put a burden of Rs 900 billion on the common man and a huge increase in the prices of basic necessities.

In addition, an increase of Rs 8 in the price of electricity will also shock the entire country. Inflation is expected to be at 30%, the highest in 75 years, "he wrote.

Latest petrol price in pakistan today 2022-The World News Daily Blogs

"Our government kept up the pressure of the quaid and gave an economic package of Rs 1200 billion to the weaker sections.. This yr alone we reduced nuisance tax to zero per cent and additionally provided Rs 466 bn energy subsidies to safeguard our public.

 

Latest petrol price in pakistan today 2022-The World News Daily Blogs

Our people have always been our priority.

'Govt has crossed all limits of IMF's slavery': JI

Ameer Jamat-e-Islami Siraj ul Haq also criticised the govt. for the value hike and said the choice was "shameful."

"Another Rs 30 increase in petrol and diesel prices is very embarrassing.. 

The govt has crossed all limits of IMF's slavery. Electricity, ghee, flour and sugar are being made expensive and also the right to measure is being alienated from the commoner. The Jamaat-e-Islami won't stay silent and can launch an Awami Tehreek on June 11,"