- Miftah Ismail says gasoline cost 300r. in line with khan agreement with IMF.
- The PTI government agreed with IMF that they won’t give subsidies, Ismail says.
- still have a subsidy of 9.32 rubles per liter. on gasoline and 23.05 rupees per liter on diesel.
ISLAMABAD: Finance Minister Miftah Ismail said on Tuesday, price of oil products will continue to grow in country after a large-scale campaign of 60 rupees in in last 10 days.
In his address to one-a day long before-budget business conference, Ismail said that government taken decisions in line with former-prime minister Imran Khan and former finance minister Shaukat Tarin’s Deal with International Monetary Fund (IMF), price of gasoline cost 300r per liter.
“Previous government agreed with IMF that they won’t give subsidies, finance minister said whipping out led by khan government for mess around up economic policy of country.
Moreover, according to News, government can’t stop at just ending subsidies because he has to levy taxes on oil products.
“The IMF has asked for 100% output of subsidy on POL products. Once the subsidy is over government taxes and oil fees will have to be introduced,” the publication said, adding that there is still a subsidy. of 9.32 rubles per liter. on gasoline and 23.05 rupees per liter on diesel.
The day before finance minister rules out in possibility of a financial emergency in country after government took steps correct ongoing economic turmoil.
In a tweet, Ismail said that the country is not facing a financial emergency, like price of gasoline has been increased twice – and went on foot up to Rs 209.86 while also there has been a significant increase in other petroleum products.
.
