ISLAMABAD : June 15,2023: Sending a disappointing message to the masses, the government has decided to maintained the current petroleum product prices for next 15 days.
Finance minister , Ishaq Dar, announced to maintain the rates of petroleum products for next fortnight (June 16-30) in a statement issued here on Thursday.
This announcement of Shahbaz government has come as a big shock to the commuters as there were clear indications of considerable reduction in the rates of petroleum products for next 15 days.
The commuters were expecting reasonable relief in the rates of petroleum products for next two weeks in the wake of import of concessional Russian oil. The government itself was giving signs of cut in the rates of petroleum products in post Russian oil import.
It appears that the government decided not to reduce the prices of oil product to avoid annoyance of International Monetary Fund (IMF). The government is already under pressure from IMF regarding proposed tax exemptions in upcoming budget .
