ISLAMABAD, June 30: The federal government on Thursday announced another hike in the prices of all petroleum products – especially petrol by Rs14.85 per litre and high-speed diesel (HSD) by Rs13.23 per litre, with the change set to take effect from midnight. With the change, petrol will be available for Rs248.74 while the HSD for Rs276.54. Likewise, the price of Kerosene was increased by Rs18.83 and Light Diesel Oil by Rs18.68 with the new prices set at Rs230.26 and Rs226.15, respectively.
Addressing a news conference, Finance Minister Miftah Ismail said that the increase was made to meet the conditions set forth by the International Monetary Fund (IMF). “Imran Khan [government] had violated the agreement with the IMF to increase the petroleum levy every month,” the minister told media persons. He further said that the agreement with the global fund lending institution was moving forward smoothly and as per plan. In view of the fluctuations in petroleum prices in the international market and exchange rate variation, the government has decided to apply petroleum levy partially and revise the existing prices of petroleum products. Agencies
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