Finance Minister Ishaq Dar on Sunday morning announced a Rs35 increase in the prices of petrol and diesel, in a televised address just minutes before the new prices went into force.
In a televised address which began at 10:50am, Dar announced the price revision which went into effect at 11:00am — 10 minutes later.
He said that speculation was rife on social media regarding an Rs50 increase in the prices of petrol and diesel. “Because of this, we have received reports of artificial shortages in the market.”
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