Islamabad: The Ministry of Finance has taken a principled decision to reduce the prices of petroleum products after the International Monetary Fund (IMF) agreed to freeze the tax imposed on petrol for three months.
Sources say that the change in the prices of petroleum products will be announced tomorrow, the IMF has agreed in principle to freeze the levy imposed on petroleum products for three months.
According to the sources, according to the IMF agreement, the petroleum levy on petrol is to be increased to 50 rupees per litre by January 2023. There is no final agreement with the IMF yet.
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According to sources, the petroleum levy per liter of kerosene and light diesel oil will be gradually increased to Rs.50.
It should be noted that a petroleum levy of Rs. 10 per litre is imposed on kerosene and light diesel oil, in addition to this, a petroleum levy of Rs. 37.42 per litre is currently imposed on petrol while high speed diesel is levied at Rs. 7.35 per litre. is approx.
