Petroleum Prices may be increased by Rs 15 per litre on IMF pressure: Sources

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Petroleum Prices may be increased by Rs 15 per litre on IMF pressure: Sources

LAHORE – Federal government may hike petroleum prices by Rs 15 per litre on International Monetary Fund (IMF) pressure.

IMF is reportedly pressing the federal government to hike prices of the petroleum products by up to Rs15 per litre.

The prices will be gradually hiked within span of three months.

The delegation of IMF had suggested reforms aimed at widening the tax net.