ISLAMABAD: Federal Information Minister Fawad Chaudhry responded to significant outrage and criticism of the government over the recent substantial rise in the pricing of petroleum goods by saying that the country could not be run on subsidies.
The PTI-led government had announced a substantial price increase in petroleum goods a day before, raising the cost of petrol by Rs10.49 per litre and high-speed diesel by Rs12.44 for the following two weeks.
Fuel tariffs were hiked owing to a rise in international market costs, according to Fawad Chaudhry in a statement. He said that domestic oil prices are related to international pricing, and that prices will decline in the country when commodity rates fall on the global market.
He went on to say, “These economic troubles are only transitory.” According to the information minister, the country will confront the challenges collectively.
“The administration is being chastised for the increase in oil prices as if we live on another planet,” the information minister added.
Recognizing the problems encountered by paid workers, Chaudhry emphasised the necessity for the private sector to raise employee pay.
“The remedy to rising inflation is a rise in income and jobs,” Fawad Chaudhry remarked, noting that the manufacturing, agricultural, and construction sectors are all seeing record profits.
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