IMF Urges Pakistan to Increase Petrol Prices Immediately
3 Articles
3 Articles
IMF urges Pakistan to hikes petrol prices promptly
ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to promptly reflect any rise in global petroleum prices in domestic fuel rates and avoid providing subsidies on petrol and diesel, according to official sources. The issue came up during a virtual meeting between Pakistani officials and an IMF delegation on Friday, where the lender stressed the importance of maintaining fiscal discipline and protecting revenue targets linked to …
Massive Fuel Hike! Petrol, Diesel Prices Likely to Skyrocket in Pakistan Before Next Fortnight
Petrol and diesel prices in Pakistan are expected to rise significantly before the next official fuel price review, as global oil markets remain unstable due to tensions in the Middle East and supply concerns. Recent reports show that Brent crude and diesel futures have climbed sharply, which typically translates into higher domestic prices when local rates are updated every fortnight. On March 1, the government increased the price of petrol by …
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