TechX Pakistan | Startups | FinTech | Crypto | EdTech | Reviews
Hai Khawab? To Badlo Pakistan!
Tech Geeks
No Result
View All Result
  • Home
  • News
  • Tech and Telecom
    • Startups
    • Reviews
    • Cryptocurrency
    • Technology
    • Education
    • Games
    • Apps
    • Devices
    • Shopping
    • Mobile
  • How To
  • MoU
  • Comparison
  • TechX World
Subscribe
No Result
View All Result
No Result
View All Result
Home News

Petroleum prices will be further increased to keep the IMF program

by Asad Hassan
June 11, 2022
in News
0
Petroleum prices will be further increased to keep the IMF program

To resuscitate the IMF program, the government will have to boost the per liter price of petrol and diesel by about Rs. 23 and Rs. 55, respectively.

According to informed sources, the government is expected to totally eliminate the subsidy on POL goods before the start of the next fiscal year, following two consecutive increases of Rs. 30 per liter ach for petrol and diesel over the last month.

The subsidy on petrol is Rs. 23 and on diesel is Rs. 55, based on the current oil price on the international market.

The OGRA will complete the final computation next week when it sends the prime minister its suggestions for the new oil price.

Following two recent massive increases in oil prices — an Rs. 60 per liter hike in petrol and diesel prices — and the publication of the IMF-approved fiscal year 2022-23 budget.

It is widely assumed that all pre-conditions for the IMF program’s reactivation have been met, and the Fund will now give the green light at any time. This, however, is not the case.

According to reports, one key stumbling block would be the complete elimination of oil subsidies well before the start of the new fiscal year.

According to sources, the per liter subsidy for petrol was Rs. 9 and roughly Rs. 23 for diesel following the recent rise.

Because of the rise in oil costs on the worldwide market, the subsidy has now increased.

These are extremely challenging times for the Shehbaz-led coalition administration since it is widely assumed that the hardest decisions, such as the Rs. 60 per liter hike in gasoline and diesel prices have already been made.

But, according to the latest estimations, the government will have to increase the petrol price by Rs. 23/liter and the diesel price by Rs. 55/liter before the conclusion of the current fiscal year.

To read our blog on “Miftah promises that petrol prices will not rise anymore,” click here.

Related Posts

Government raises tax rates for the salaried class in response to IMF demand
News

Government raises tax rates for the salaried class in response to IMF demand

June 25, 2022
The CEJ-conflict IBA's reporting meeting gets underway. Politicians, journalists, filmmakers, and comedians discuss regulation, satire, and the relationship between culture and art
News

The CEJ-conflict IBA’s reporting meeting gets underway. Politicians, journalists, filmmakers, and comedians discuss regulation, satire, and the relationship between culture and art

June 25, 2022
Review petition on Riba case Ffiled by SBP and four additional banks
News

Review petition on Riba case Filed by SBP and four additional banks

June 25, 2022
IT industry is disappointed by P@SHA terms budget
News

IT industry disappointed with budget, says P@SHA

June 25, 2022
CEO Brainswarm talks about stem education and miniature robots at ITCN Asia – Pakistan Tech Festival
News

CEO Brainswarm talks about stem education and miniature robots at ITCN Asia – Pakistan Tech Festival

June 25, 2022
Govt. intends to sell state assets to foreign nations
News

Govt. intends to sell state assets to foreign nations

June 25, 2022
Next Post
A new Screen time management tool is going to be launched by TikTok

A new Screen time management tool is going to be launched by TikTok

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Vivo Y55s Announced With the Biggest Smartphone Battery From the Company Yet

Vivo Y55s Announced With the Biggest Smartphone Battery From the Company Yet

December 9, 2021
Xiaomi Reveals MIJIA T500C Magnetic Smart Sonic Toothbrush

Xiaomi Reveals MIJIA T500C Magnetic Smart Sonic Toothbrush

June 10, 2020
Best TVs of 2021 – Indian Gadget Awards Nominees: Sony Z9J, Redmi Smart TV X50 and More

Best TVs of 2021 – Indian Gadget Awards Nominees: Sony Z9J, Redmi Smart TV X50 and More

December 23, 2021
Cybernet faces big outage in Pakistan

Cybernet faces big outage in Pakistan

March 18, 2022
Samsung To Announce New TVs On March 2 At Its Unbox & Discover 2021 Event

Samsung To Announce New TVs On March 2 At Its Unbox & Discover 2021 Event

February 19, 2021
Netflix may purchase Roku in order to speed up the ad-supported tier

Netflix may purchase Roku in order to speed up the ad-supported tier

June 9, 2022
  • Privacy & Policy
  • Advertisement with us
  • About Us
  • Contact Us
  • DMCA Content Complain?
  • Mail Now: info@techx.pk

TechX Pakistan All Right Reserved © 2019.

[elfsight_facebook_chat id=”1″]
No Result
View All Result
  • Home
  • News
  • Tech and Telecom
    • Startups
    • Reviews
    • Cryptocurrency
    • Technology
    • Education
    • Games
    • Apps
    • Devices
    • Shopping
    • Mobile
  • How To
  • MoU
  • Comparison
  • TechX World

SiteLock

Go to mobile version