The federal government is gearing as much as announce as much as a 193% hike within the worth of fuel, efficient from October 1, sources aware about the matter mentioned on Wednesday.
The sources mentioned that jacking up the fastened month-to-month prices for the protected fuel shoppers from Rs10 per thirty days to Rs400 per thirty days has been proposed.
In line with the proposal, a 172% hike can be made to the fuel prices reserved for home shoppers, whereas a 193% improve has been proposed for different shoppers.
The caretaker authorities plans to lift fuel tariffs as a way to curb the round debt consistent with the commitments made to the Worldwide Financial Fund (IMF).