Petrol prices not to be hiked, announces Miftah

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Finance Minister Miftah Ismail on Monday announced prices of petroleum products will not be increased in country, as the Prime Minister Shehbaz Sharif has ordered to retain subsidies on petroleum products.

Talking to media on Monday, he said that Imran Khan has always been putting hurdles in the way to progress of Pakistan.

“Long march of Imran Khan is to safe Farah Gogi. I am going to DOHA for having last stages of dialogues with IMF. According to the contract of government with IMF prices of petroleum products should rise from Rs100 to Rs150,” he added.

Miftah, who is set to leave for Doha to negotiate with the International Monetary Fund (IMF), said that Prime Minister Shehbaz Sharif has said that the nation cannot bear load of increasing petroleum product prices.

“Maybe we will need to increase interest rate. The government of Imran Khan planted explosives everywhere. Imran Khan is the person who destroyed national economy. The country is facing deficiency of fuel because of Imran Khan,” he concluded.

The Finance Minister said as per agreements of previous government, the diesel price is to be increased by 150 rupees per liter and petrol by 100 rupees per liter but the present government does not want to carry it forward as it will result in heavy financial burden on the masses.

He said Imran Khan has always created impediments in the path of development of the country. He said Imran Khan’s 2014 sit-in caused postponement of Chinese president’s visit to the Pakistan and today IMF team that was due in Islamabad for talks has declined to visit because of Imran Khan’s sit-ins.

The Finance Minister expressed the hope that in next two days he will succeed in having agreement with IMF in the best interest of the country and the people.