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)
|PRODUCT||CURRENT PRICE (PKR)||NEW PRICE (PKR)||Change (PKR)|
|High Speed Diesel (HSD)||236.00||244.95||+8.95|
|Light Diesel Oil (LDO)||191.44||191.32||-0.12|
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.
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