Finance Minister Miftah Ismail Tuesday refuted rumors of another hike in petroleum prices.

The finance minister said in a tweet that he did not speak about petroleum prices in the pre-budget seminar. He said that news channels running these tickers are doing a disservice to their viewers.

In the pre-budget seminar I never even spoke about petroleum prices. Channels running these tickers are doing a disservice to their viewers. There will be no increase in prices today and there is no summary or plan to raise prices.

— Miftah Ismail (@MiftahIsmail) June 7, 2022

“There will be no increase in prices today and there is no summary or plan to raise prices,” the minister said in his tweet.

Minister for Information and Broadcasting Marriyum Aurangzeb also took to Twitter and denied the rumors of a potential price hike. The minister added that there is no shortage of petroleum products in the country.

Social media was rife throughout the day with rumors that the government is set to notify another major hike in prices of petroleum products before midnight.

It is pertinent to mention here that the government had increased the prices of petroleum products by Rs. 30 per liter on Friday. The increase came as a surprise as merely days earlier the government had decided to keep the prices of petroleum products unchanged to “provide maximum relief to the consumers.”

The coalition government has jacked up the price of petroleum products by Rs60 per liter since May 27. Currently, petrol is priced at Rs. 209.86, diesel at Rs. 204.15, kerosene oil at Rs. 181.94 and light diesel at Rs. 178.31.

Source: Pro Pakistani