Recent increase in petroleum prices is exacerbating the burden on low-income segments of society, as the IMF programme continues to pose a challenge in lowering these prices. Sources reported that the Pakistan government has raised petroleum prices by Rs12.14 per liter over the last one and a half months, with the federal government enhancing the price of high-speed diesel (HSD) to Rs12.14 from October 16, 2024, and increasing petroleum prices by Rs5.7 per litre. The government has also raised PDL (petroleum development levy) to Rs60 per liter, collecting Rs261 billion and 69 crore during the first quarter of 2024-25.
Recent increase in petroleum prices put more burden on low-income segments of the society as the IMF programme became main hurdle in lowering of petroleum prices, reported 24NewsHD TV channel on Monday.
The federal government increased price of high-speed diesel to Rs12.14 from October 16, 2024 while petroleum price had witnessed an increase of Rs5.7 per litre. The federal cannot decrease PDL on petroleum products. Currently government charging Rs60 per liter under the head of PDL.
PETROLEUM PRICES LOW-INCOME HOUSEHOLDS IMF PROGRAMME HIGH-SPEED DIESEL PETROLEUM DEVELOPMENT LEVY
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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