Pakistan's Finance Ministry announced on January 29 that gasoline and diesel prices would rise by $0.14 a liter after the country's currency plummeted in value this week when price caps were removed. Finance Minister Ishaq Dar said he hoped the announcement would dispel speculation on social media of a higher price hike or that gasoline supplies would run dry. He said the hike was recommended by oil and gas authorities due to the higher cost of buying energy in the global market. To read the original story by Reuters, click here.
Pakistani Government Lifts Price Caps On Gasoline, Diesel Fuel
Finance Minister Ishaq Dar said he hoped the announcement would dispel speculation on social media of a higher price hike or that gasoline supplies would run dry. (file photo)