[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]Ishaq Dar, the finance minister, announced a $5 per litre decrease in the cost of gasoline on Tuesday.
In response to a video message, he stated that the cost of petrol had decreased from Rs272 to Rs267 per litre.
He continued by saying that the cost of high-speed fuel would stay at Rs280 per litre.
“The price of kerosene oil, which is currently Rs202.73, is being reduced by 15 rupees to Rs187.73. The price of light diesel, which is now at Rs196.68, would be reduced by 12 rupees to Rs184.68, according to the finance minister.
He said the prices would apply from midnight tonight.
Petroleum Products Prices:
March 1 to 15 , 2023:High Speed Diesel- with No change Rs 280 per litre
MS Petrol —with Rs 5 reduction,Rs 267 per litre
Kerosene Oil – with Rs 15 reduction, Rs 187.73 per litre
Light Diesel Oil -with Rs 12 reduction, Rs 184.68 per litre
— Ishaq Dar (@MIshaqDar50) February 28, 2023
The country’s reserves have been reduced to about $3 billion, which experts think is only enough for 16 or 17 days of imports, and the government is in a race against time to enact tax measures and come to an agreement with the International Monetary Fund (IMF).
Not only would there be a disbursement of $1.2 billion as a result of the agreement with the IMF on the conclusion of the ninth review of a $7 billion loan programme, but it would also enable inflows from friendly nations.
The country would save Rs200 billion yearly, according to a number of austerity measures that Prime Minister Shehbaz Sharif outlined last week. Pakistan is fighting a severe economic crisis and is in desperate need of money.[/vc_column_text][/vc_column][/vc_row]
