President Pakistan Muslim League-N Shehbaz Sharif said on Sunday that price hike in petroleum products is economic terrorism.
He said this while referring to the recent increase of Rs3 in petrol and petroleum products which the government had introduced on Saturday. The PML-N leader said that the further increase in petrol prices is equivalent to waging war of terrorism against the poor public of the country. The public is not being granted relief even after the fall of petrol prices in global market.
Shehbaz said that the price hike is also done by Imran Niazi in a “benevolent” manner. The inefficient, incompetent and corrupt administration has pushed the public into the morass of inflation.
Earlier on Saturday, the government had jacked up the price of petrol by Rs 3.01 per litre with immediate effect.
According to a statement issued by the Finance Ministry, the government absorbed the oil price-hike in the international market and decided to make partial increase in the prices of petroleum products in order to provide relief to the end consumers. The petroleum products were showing fourth straight weekly gain and witnessed an increase of 6.2 percent just in last week in the international market, presently, at the highest level since last year.
