Imran Khan praises India, slams Shehbaz Sharif govt over fuel price rise

Praising India, Khan tweeted: " In contrast India, strategic ally of US, has managed to reduce fuel prices by Pkr 25 per litre by buying cheaper oil from Russia. Now our nation will suffer another massive dose of inflation at the hands of this cabal of crooks."

" Nation starting to pay price for Imported govt's subservience before foreign masters with 20% / Rs30 per litre hike in petrol & diesel prices - the highest single price hike in our history.The incompetent & insensitive Govt has not pursued our deal with Russia for 30% cheaper oil," he said.

Pakistan Finance Minister  Miftah Ismail on Thursday announced a spike in petrol products prices after the International Monetary Fund (IMF) emphasised abolishing the subsidies on commodities, media reports said.

In a press conference, the finance minister said the government has decided to hike the price of petrol, diesel, kerosene oil, and light diesel by Rs30, effectively from May 27, reports Geo News.

The finance minister noted some burden had to be shifted onto the masses, but despite the massive increase in the price of petroleum products, the government was still bearing losses but vowed to soon strike a staff-level agreement with the Fund.

Now, the petrol will cost Rs 179.86, while diesel Rs 174.15, kerosene oil Rs 155.56 and light diesel Rs 148.31.