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Federal Minister for Finance and Income, Senator Muhammad Ishaq Dar on Saturday mentioned that the federal government has decreased the worth of petrol by Rs9 per litre, whereas the speed of high-speed diesel (HSD) slashed by Rs7 per litre.
In a televised tackle on Saturday, the finance minister mentioned one petroleum product had witnessed improve whereas the worth of one other went down within the worldwide market over the past 15 days.
Following the discount, the petrol might be accessible at Rs253 per litre whereas the worth of HSD might be Rs253.50 per litre.
Dar mentioned no adjustments had been made to the petroleum improvement levy (PDL) which was elevated to Rs60 per lite on the demand of Worldwide Financial Fund (IMF).
The brand new costs might be efficient from July 16 (Sunday).
The finance minister mentioned the native foreign money had appreciated towards the US greenback within the final 15 days after Pakistan signed a staff-level settlement with Worldwide Financial (IMF) on $3 billion Stand-By Association (SBA).
He additional mentioned that Prime Minister Shehbaz Sharif wished to cross as a lot reduction to the lots as potential.
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