Pakistani Prime Minister Shahbaz Sharif may reverse his decision not to increase fuel prices. Official sources say that Shahbaz Sharif’s decision taken out of enthusiasm can cause losses to the exchequer. In such a situation, the government can soon take a U-turn on its decision. The Oil and Gas Regulatory Authority has given suggestions to the Pakistani government to increase the prices of fuel. In which the price of petrol per liter can be increased by Rs 83.5 and diesel by Rs 119. That is, petrol and diesel can go beyond Rs 200 per liter.
After ousting Imran Khan from power, Shahbaz Sharif, sitting on the chair of the Prime Minister of Pakistan, showed beautiful dreams to the people of the country. He boasted about controlling unemployment and inflation. But now their claims are getting exposed. After taking over the chair, Shahbaz Sharif had announced on Friday that there would be no further increase in fuel prices in the country.
Pakistan’s Oil and Gas Regulatory Authority (OGRA) had recommended an increase in the prices of petroleum products, which was rejected by Shahbaz Sharif and said that there will be no increase in fuel prices for the next fortnight. But now it seems that Shahbaz is going to go back on his promise.
According to The News International, official sources have told that the government may roll back its decision as the International Monetary Fund (IMF) has expressed displeasure over Shahbaz Sharif’s previous decision not to increase fuel prices. However, there is a high expectation that the ministry will take a decision on how much the prices of petrol and diesel should be increased.
What is the new proposal to increase fuel
According to Pak media, the increase proposed by OGRA has been done on the basis of 70 per cent of GST and Rs 30 per liter levy. Based on which an increase of Rs 83.5 per liter on petrol and Rs 119 per liter on diesel has been recommended.