Govt not to raise petrol price: Miftah

Says as per Imran Khan’s agreement petrol should be sold at Rs245 per litre: Imran Khan did not invest a penny and borrowed Rs20,000 billion in three-and-a-half years: Announces unveiling budget in second or third week of June

By: News Desk
Published: 01:12 PM, 5 May, 2022
Govt not to raise petrol price: Miftah
Caption: TV grab.
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Federal Finance Minister Miftah Ismail on Thursday declared that the government will try its utmost not to raise the petrol price though it is bearing a loss of Rs30 per litre on petrol rate and Rs70 per liter on diesel, reported 24NewsHD TV channel.

Addressing a presser in Karachi, Miftah Ismail maintained that no government in the history had sold petrol in loss. “The past government has multiplied the country’s difficulties,” he added.

The minister said according to the agreement which Imran Khan’s government struck the petrol price should be Rs245 per litre.

He also flayed former prime minister Imran Khan for signing expensive agreements with the International Monetary Fund (IMF), saying as per Imran Khan’s agreement with the IMF, petrol should be sold at Rs245 per litre.

“The monthly cost of running the government is Rs45 billion in the country,” Miftah said, adding: “We are spending money equal to running two-and-a-quarter governments and bearing a loss of Rs102 billion in a month.”

He also pledged to subsidise petroleum products, adding the government was trying to maintain the petrol prices.

He also flayed that Imran Khan borrowed Rs20,000 billion in three-and-a-half years, but he did not invest a penny. “Who will pay Rs2,600 billion of power sector?” he questioned.

He also announced unveiling budget in the second or third week of June.