• Ishaq Dar announced the new prices.
• Petrol will now be available for Rs249.80 per litre.
• The prices of light diesel and Kerosene oil also hiked.

ISLAMABAD: The Federal government on Sunday announced increasing the price of petrol and diesel by Rs35 per litre.

Federal Minister for Finance Ishaq Dar while addressing a press conference, announced increasing the price of petrol and diesel by 35 per litre.

Following the changes in the prices, petrol will now be available for Rs249.80  and diesel for 262.80 per litre.

Meanwhile, there has been an increase of Rs18 in the price of high-speed diesel, and Kerosene  oil.

The new prices of high-speed diesel are Rs 187 and Kerosene Oil are Rs 189:83.

Ishaq Dar said that the prices of petroleum products were not increased in the past four months, adding that prices of diesel and kerosene oil also decreased during the period.

The minister went on to say that the speculations had also led to an artificial shortage of petroleum products in the market.

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Earlier, Finance Minister Ishaq Dar, who had come to Pakistan from London with tall claims that he very well knew and had great skills to deal with the IMF, control the declining rupee and put the economy on right track, said Pakistan is the only country in the world, which was founded in the name of Islam and Allah is responsible for its development and prosperity.

He expressed these spiritual and religious views for the remedy of economic owes of the country while addressing the inauguration ceremony of the Green Line Express Train service in Islamabad.