The Federal Government is considering to change the review process for the Petrol Prices in Pakistan from bi-monthly (every 15 days) to weekly. According to the details, the change in the review process for petroleum prices is based on a pre-condition of the International Monetary Fund (IMF) for the seventh and eighth reviews.
The Petrol Prices in Pakistan are currently reviewed and changed on a bi-monthly basis (every 15 days) and this decision was taken by the Pakistan Tehreek-e-Insaf (PTI) Government. However, the Petroleum Prices were reviewed after every 30 days prior to the change by the Imran Khan-led Government.
According to IMF’s Resident Representative for Pakistan Esther Perez Ruiz, Pakistan has completed the last pre-condition by increasing the Petrol Development Levy (PDL) for the combined seventh and eighth reviews in order to get the next tranche of the $6 billion loan programme.
Petrol Prices in Pakistan (W.E.F 1 August 2022)
CURRENT PRICE (PKR)
NEW PRICE (PKR)
High Speed Diesel (HSD)
Light Diesel Oil (LDO)
Do you agree with the Government’s decision to change the review period for Petrol Prices in Pakistan to a weekly basis rather than bi-monthly? Let us know in the comments sections belolw.
Read more: Latest Petrol Prices in Pakistan – 1 August 2022.