Abb Takk News

Miftah Defends Hike in Fuel Prices

ISLAMABAD: Finance Minister Miftah Ismail on Saturday defended hike in price of petroleum products and said that Pakistani Rupee (PKR) strengthened after the announcement.

While addressing a press conference, Finance Minister said that it is government’s top priority to provide support to poorer segments of society.

The minister said that people who earn less than Rs40,000 per month will be provided Rs2000 under a program for cheap petrol and diesel program.

Miftah Ismail asked people to send their CNIC number on 786 to find whether they are eligible for the subsidy or not.

However, the finance minister said that he cannot say whether the petrol price will be hiked again on June 1 or not.

Earlier on Thursday, the government jacked up the price of petrol by Rs30 per litre with immediate effect.