Islamabad (HRNW) Federal Finance Minister Miftah Ismail has said that the government was not planning to increase petrol prices on Tuesday and reports on TV channels about a possible hike were ‘a disservice to their viewers’.
The finance minister issued the clarification after his earlier remarks about a possible hike sparked panic among consumers and motorists queued up at petrol pumps while several filling stations shut down.
Miftah had said at a business conference in Islamabad that petrol prices would rise further in Pakistan in line with global oil prices.
Although he never said the government was planning to immediately increase prices, rumor mills went into overdrive and social media users claimed that petrol prices could be increased by Rs15 a litre.
In a tweet, the finance minister said that ’there will be no increase in prices today and there is no summary or plan to raise prices.“
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