Prime Minister (PM) Shahbaz Sharif would offer support to individuals who cannot afford the rising fuel costs, according to Federal Minister of Finance Miftah Ismail.
The government has abolished subsidies for petroleum products in order to get loans from the International Monetary Fund (IMF), resulting in an Rs. 30/liter increase in the cost of petrol, high-speed diesel (HSD), kerosene oil, and light diesel fuel. The following are the current gasoline prices:
Ismail once again blamed the current economic woes on past government policies and former Prime Minister Imran Khan's actions.
"Imran Khan promised the IMF an Rs. 30 levies and a 17 percent sales tax on petroleum items," he added, adding that the previous PM's unilateral policies had cost Pakistan Rs. 120 billion every month in losses.
Ismail further pointed out that gasoline costs in Pakistan are still lower than in India, the United Kingdom, Bangladesh, and the United Arab Emirates. However, the current economic uncertainty might swiftly change the scenario.