On Friday, Prime Minister Imran Khan approved a recommendation to hike up the prices of petroleum products after which petrol prices rose by Rs25.58 per litre. Ayub said that the price of petrol has increased by 112 per cent over the last 46 days in the international crude oil market. Crude oil prices in the world market have more than doubled since the recent slump, recovering to the pre-pandemic levels. Ayub recalled that the government passed on the benefit of the oil market crash to the consumers “well in time”. “We will move forward as per the up and down in the international oil market,” he added.

Source: Pakistan Today June 27, 2020 14:03 UTC