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ISLAMABAD: Pakistan Finance Minister Ishaq Dar on Tuesday announced a big hike in petrol and high speed diesel prices.
In a recorded video statement, he said petrol prices will be raised by 19.95 Pakistani rupees ($0.07) per litre and diesel by 19.90 rupees per litre.
Dar said the prices has been increased to reflect the international market prices, and in line with the IMF programme objectives. ($1 = 286.6000 Pakistani rupees) (Reporting by Asif Shahzad; Editing by Kim Coghill)