ISLAMABAD: According to a notification released by the Finance Ministry on Friday. The caretaker administration raised the cost of Petrol by Rs 14.9 per liter.
Details indicate that the cost of petrol has increased by Rs 14.9 per liter to Rs 305.36 per liter.
High-speed diesel (HSD) is now available at Rs311.84 per liter after an increase of Rs18.44.
The price of petrol jumped on August 16 by Rs17.50 per liter to Rs290.45. While the price of high-speed diesel jumped to Rs293.40. Prior to this, on August 1, the federal government had raised the cost of petrol by Rs19.95 a liter.
Read More: IMF agreements are ruled out by the Interim Finance Ministry.
It is important to note that the interim International Monetary Fund (IMF) agreements do not allow for extra subsidies, according to caretaker Finance Minister Dr. Shamshad Akhtar.
According to Dr. Shamshad Akhtar, the IMF program was “non-negotiable” because the interim administration “inherited” it. She continued by saying that the current agreements forbid the introduction of additional subsidies.
She highlighted that the new administration planned to develop a thorough plan to support the country’s economic health.
The minister noted that the government was working to maintain a stable exchange rate between the rupee, the country’s currency, and the dollar.