{"id":410204,"date":"2024-06-02T09:15:56","date_gmt":"2024-06-02T04:15:56","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=410204"},"modified":"2024-06-02T09:15:56","modified_gmt":"2024-06-02T04:15:56","slug":"imf-pressure-leads-to-govt-u-turn-on-petrol-prices","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/imf-pressure-leads-to-govt-u-turn-on-petrol-prices\/","title":{"rendered":"IMF pressure leads to govt U-turn on petrol prices"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nDue to the International Monetary Fund\u2019s (IMF) pressure, the government is in a quandary to provide full relief to the people, taking a U-turn late in the night after taking credit for a decrease of Rs15.40 on petrol and Rs7.90 on diesel prices.<br \/>\nThe IMF\u2019s strict conditions reportedly came in the way of a huge relief reaching the people from the continuous falling oil prices in the global market. The IMF pressure has rendered the government helpless. First, people were emotionally aroused by a big reduction in the prices of petroleum products, then by revising the prices with a minor reduction, the aspirations of the people were spoiled.<br \/>\nThe claims of the Prime Minister\u2019s Office and the decision of the Ministry of Finance seemed completely contradictory.<br \/>\nPetrol was eventually reduced by Rs4.74 and diesel by Rs3.86 per litre. Moreover, a tax of Rs82 per litre is also being collected from the public on petroleum products to meet the strict conditions of the IMF. This includes a petroleum levy of Rs60 per litre and customs duty of up to Rs20 per litre. Other charges, including those for oil marketing companies and dealers\u2019 margin, were separate.<br \/>\nThe PM Office, claiming a reduction in inflation and economic stability, said the prime minister directed the Ministry of Finance to reduce the price of petrol by Rs15.4 and the price of diesel by Rs7.90, but late at night, petrol was reduced by only Rs4.74 and diesel by Rs3.86. As per a notification issued, the new price of petrol is Rs268.86 and high-speed diesel is Rs270.22 per litre.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD Due to the International Monetary Fund\u2019s (IMF) pressure, the government is in a quandary to provide full relief to the people, taking a U-turn late in the night after taking credit for a decrease of Rs15.40 on petrol and Rs7.90 on diesel prices. The IMF\u2019s strict conditions reportedly came in the way of a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":406518,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-410204","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IMF pressure leads to govt U-turn on petrol prices<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/imf-pressure-leads-to-govt-u-turn-on-petrol-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF pressure leads to govt U-turn on petrol prices\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD Due to the International Monetary Fund\u2019s (IMF) pressure, the government is in a quandary to provide full relief to the people, taking a U-turn late in the night after taking credit for a decrease of Rs15.40 on petrol and Rs7.90 on diesel prices. 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