Surprise fuel hike adds to burden on consumers

ISLAMABAD: In a surprise move, the Shehbaz Sharif government on Friday increased the prices of both petrol and diesel by Rs26.77 per litre with immediate effect for the week ending May 1, passing on the impact of global prices during the last fortnight while also seeking to raise revenues in the final months of the fiscal year under commitments with the International Monetary Fund (IMF). The IMF’s executive board is expected to approve in the first half of May the disbursement of more than $1...

By none@none.com (Khaleeq Kiani)