Pak buckles under IMF pressures as Sharif govt hikes petroleum prices by ₹30

Cash strapped Pakistan increased the price of petroleum products by ₹30 per litre. After the increase, the price of one litre petrol will be at ₹179.85 and diesel at ₹174.15 in Pakistan. Similarly, the kerosene in Pakistan now costs ₹155.95 per litre and light diesel at ₹148.41. Pakistan finance minister Miftah Ismail made the announcement at a press conference last evening. The decision was announced a day after the talks between the pakistan govt & IMF failed to reach an agreement on an economic bailout and the IMF staff-level agreement for the revival of the usd 6 billion programme ended. Watch the full video for more.