Chaudhry, in a tweet, said that if the prices of oil and gas rise internationally then it will also increase in Pakistan. “The whole country cannot run on subsidies,” he added.

He said that the prices will reduce in Pakistan once they reduce around the world.

“Today the prices are high, tomorrow when they will decrease, they will subsequently decrease in Pakistan too,” he maintained.

Fawad said that we will face the problems like one nation, adding that the economic challenges are temporary.

"Industry, agriculture, and construction sectors are earning historic profits", he claimed.

The minister said that increase in salaries and jobs is the solution to this inflation.

Fawad’s remarks came a day after the ruling Pakistan Tehreek-e-Insaf announced massive increases in the prices of the petroleum products. The price of high speed diesel went up by Rs12.44 per litre and petrol by Rs10.49 per litre.