Last night, the Caretaker Government met another International Monetary Fund (IMF) condition by increasing the charge on petroleum goods.
According to the information, the caretaker administration announced another petrol price increase of Rs 14.91 per litre. The price of high-speed diesel (HSD) has risen by Rs18.44 per litre.
Following a recent price increase, petroleum product rates have breached the Rs 300 per litre threshold for the first time in history, with petrol priced at Rs 305.36 and diesel priced at Rs 311.84.
Along with this price increase, the caretaker government met another IMF demand by imposing an additional Rs 5 duty on petrol, raising the levy from Rs 55 to Rs 60.
It is worth noting that the former Pakistan Democratic Government (PDM) approved an increase in the fee on petrol goods in the budget.
According to sources within the Finance Ministry, the petroleum development levy on high-speed diesel (HSD) has not changed and remains at Rs 50 per litre.