In front of the International Monetary Fund (IMF) assessment expected for November, the Pakistani government left the fuel prices at Rs. 224.80 per liter constant on Monday.
Ishaq Dar, the federal minister of finance and revenue, made the announcement via a televised message.
The cost of petrol, high-speed diesel, and light diesel oil per liter remained constant at Rs. 224.80, Rs. 235.30, and Rs. 191.83, respectively.
Beginning on November 1, the prices will not change for the following two weeks.
The government last reduced the fuel prices on September 30 by Rs. 12.63 per liter, providing a significant benefit to Pakistan’s people who are suffering from inflation.
Govt., SBP increase limits of pending LCs
The finance minister added that two weeks ago, there were about 8,000 LCs that had been suspended. The administration has already decided to give LCs and payments of up to $50,000.
“I had a meeting with the State Bank of Pakistan governor, and we have decided, with the involvement of the central bank, that we will increase this amount to $100,000. The SBP will start clearing them from tomorrow,” Ishaq Dar said.
He noted that 1,365 further cases would be cleared after the latest action, which cleared 4,400 of the 8,000 LCs.
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