Diesel in Pakistan to be sold at Rs 295 but PTI government kept price at Rs 145 damaging economy, alleged finance minister
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Finance Minister Miftah Ismail on Wednesday said that diesel and petrol prices would have been significantly more expensive based on the agreement the previous PTI government made with the International Monetary Fund (IMF).
Speaking to the media in Karachi, the minister came down hard on the PTI regime for what he said was its incompetence in addressing the country's economic challenges.
"They told the IMF that they would not incur a loss (offer subsidies) on diesel — right now you are incurring a loss of Rs70 per litre — but they had promised the IMF that they would not incur a loss and would instead impose a Rs30 levy and 17 per cent sales tax, which means that, according to the agreement made with the PTI, diesel should be Rs150 more expensive. What is Rs145 right now should be Rs295," Ismail said.
