Coalition govt hikes petrol price by Rs14.85 per litre

Islamabad: Further squeezing the pockets of citizens, the coalition government, once again, increased the price of petroleum products on Thursday for the next fortnight.

The users will face an additional burden of nearly Rs15-18 per litre.

ُپٹرولیم مصنوعات کی قیمتوں میں ایک بار پھر اضافہ #PetrolPriceHike #GNN pic.twitter.com/jIHDoa6bqp

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The Finance Division, in its notification, said in view of the fluctuations in petroleum prices in the international market and exchange rate variation, the government has decided to partially apply a petroleum levy, and revise the existing prices of petroleum products “as agreed with the development partners.”

The new prices will come into effect from midnight tonight.

Since coming to power in April, the PML-N-led coalition government had first raised the petrol price by Rs30 on May 26, followed by another increase of Rs30 on June 2 and nearly after a fortnight on June 15, it hiked the fuel price by another by Rs24.