The Finance Ministry on Friday, the caretaker administration raised the cost of petrol by Rs 14.9 per litre.
Petrol prices Increased: Details indicate that the cost of petrol has increased by Rs 14.9 per litre to Rs 305.36 per litre. High-speed diesel (HSD) is now available at Rs311.84 per litre after an increase of Rs18.44.
The price of petrol increased on August 16 by Rs17.50 per litre 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 litre.
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 programme was “non-negotiable” because the interim administration “inherited” it. She continued by saying that the current agreements forbid the introduction of additional subsidies.
She emphasised that the present administration planned to develop a thorough plan to support the country’s economic health.
The minister emphasised that the government was working to maintain a stable exchange rate between the rupee, the country’s currency, and the dollar.