After the IMF agreed to freeze the tax imposed on petrol for three months, the Ministry of Finance took a principled decision to reduce the prices of petroleum products.
According to media reports, the IMF has agreed in principle to freeze the levy tax imposed on petroleum products for three months. The change in the prices of petroleum products will be announced tomorrow.
Sources say that there is no final agreement with the IMF yet. According to the IMF agreement, the petroleum levy on petrol is to be increased to Rs 50 per liter by January 2023.
