Khursheed Shah blames PML-N govt for hike in oil prices

Published: July 1, 2018
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Syed Khursheed Shah. PHOTO: PID

Syed Khursheed Shah. PHOTO: PID

Pakistan Peoples Party (PPP) leader Khursheed Shah on Sunday said the Pakistan Muslim League-Nawaz (PML-N) led government had been exposed for boasting ‘fake’ economic development, Express News reported.

Reacting to the recent hike in petrol prices, former leader of the opposition requested caretaker government to be considerate to the masses. He rejected the oil price hikes laid out by the interim government and said the new development will trigger inflation.

“The masses have to endure consequences of PML-N’s bad policy-making decisions,” he added.

Petrol price hiked to Rs99.5 per litre

In a major blow to the consumers, the caretaker government increased oil prices up to Rs14 per litre for the month of July. In a statement issued on Saturday night, the finance ministry said the government had to pass on full impact of the oil prices to the consumers following depreciation of rupee against dollar.

The Oil and Gas Regulatory Authority (Ogra) had proposed increase in price of petrol by Rs7.54 per litre, high speed diesel (HSD) Rs14 per litre, kerosene oil Rs3.36 per litre and light diesel oil  (LDO) Rs5.92 per litre.

After increase in prices of petroleum products, petrol will be available at Rs99.50 per litre, the HSD Rs119.31 per litre, kerosene oil Rs87.70 per litre and the LDO Rs80.91 per litre.

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