IMF links next tranche of loan to increase in prices of POL products

By Muhammad JuniadPublished On 04 Jan 2023

ISLAMABAD: The International Monetary Fund (IMF) has linked the next tranche of loans to an increase in the prices of POL products.

According to sources, the government is ready to accept all demands of the government.

They revealed that petroleum prices are likely to be increased up to Rs6 in the next few days. The Finance Ministry has been directed to complete work for further increasing the prices in light of the OGRA summary.

The sources said that the prime minister had upheld the prices on November 1.

The OGRA had sent a summary seeking an increase of Rs11.53 per liter in the POL products. It had proposed to increase the price of high-speed diesel by Rs8.49.

The OGRA had also recommended an increase of Rs6 per liter in the prices of petrol and diesel.