ISLAMABAD – The federal authorities has decreased the costs of petroleum merchandise for subsequent fortnight. In a televised deal with, Finance Minister Ishaq Dar stated that the federal government has decreased the value of petrol by Rs9 to Rs253 per litre from present Rs262 per litre. Equally, the government has reduce the value of excessive velocity diesel (HSD) by Rs7 to Rs253.5 per litre from Rs260.5 per litre.
He stated no modifications had been made to the petroleum improvement levy (PDL) which was elevated to Rs55 per litre on petrol on the demand of International Financial Fund (IMF) on 1st July. The brand new costs will likely be efficient from July 16 (at this time). The finance minister stated the native currency had appreciated in opposition to the US greenback within the final 15 days after Pakistan signed a staff-level settlement with Worldwide Financial (IMF) on $three billion Stand-By Association (SBA). He stated Prime Minister Shehbaz Sharif had directed the authorities involved to move on most aid to the lots.