Price hike: Petrol bomb expected in 7 days

Secret­ary Petrol­eum and Natura­l Resour­ces says prices will have to go up in seven days.

ISLAMABAD: Secretary Petroleum and Natural Resources Muhammad Ejaz Chaudhry on Wednesday revealed that petroleum prices will see a major hike in seven days, Express News reported.

Chaudhry was briefing the parliamentary committee on oil prices. The meeting was chaired by Rana Tanveer, who later walked out in protest over the upcoming price hike.

The petroleum secretary had informed the committee that keeping in view global prices, the government will have to raise the rates accordingly.

Tanveer said that the government gave them “lollipops” every time and the prices would still keep going up. He walked out of the meeting in protest.

Finance Minister Hafeez Sheikh then arrived and tried to take the committee into confidence over the decision.