Federal Finance Ministry spokesman Muzammil Aslam has said that the price of petrol has to be increased as per the condition of the International Monetary Fund (IMF).
Speaking at a press conference in Karachi, Muzammil Aslam said that there is a storm of inflation all over the world.
He said that according to the condition of IMF, the price of petrol has to be increased. The IMF asked for 700 billion tax but the government brought it to 350 billion.
Referring to the mini-budget, the spokesperson said that the present fiscal amendment bill is not a mini-budget.
It may be recalled that the prices of petroleum products have been increased by the federal government yesterday.