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IMF links next tranche of loan to increase in prices of POL products

IMF links next tranche of loan to increase in prices of POL products
November 3, 2021 Web Desk

ISLAMABAD (92 News) – The International Monetary Fund (IMF) has linked the next tranche of loan to an increase in the prices of POL products.

According to sources, the government is ready to accept all demands of the government.

They revealed that the petroleum prices are likely to be increased up to Rs6 in the next few days. The Finance Ministry has been directed to complete working for further increasing the prices in the light of the OGRA summary.

The sources said that the prime minister had upheld the prices November 1.

The OGRA had sent a summary seeking an increase of Rs11.53 per litre in the POL products. It had proposed to increase the price of high-speed diesel by Rs8.49.

The OGRA had also recommended an increase of Rs6 per litre in the prices of petrol and diesel.