Pakistan

PM Shehbaz Sharif refuses to hike petroleum prices: Miftah Ismail

ISLAMABAD: Finance Minister Miftah Ismail on Sunday said that the government has no intention to increase the prices of petroleum products for now.

Addressing a press conference, the finance minister said that Prime Minister Shehbaz Sharif has rejected the proposal to hike petroleum prices today, saying that the government could not put further burden on the masses.

Later, taking to Twitter, he wrote that while the prices of petroleum products will not be increased as of now, the government may have to “revisit the decision soon” owning to changing circumstances and international oil prices.

Criticising the PTI-led government, Miftah said during the presser that the former finance minister Shaukat Tarin had promised the International Monetary Fund (IMF) that the then government would abolish all the subsidies on petrol.

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