After increasing petrol and diesel prices on the general public,preparations are underway to raise the gas prices by 435 billion rupees aswell. The IMF has demanded a 45% increase in gas rates from the incumbentgovernment, with plans to raise gas prices starting from October 1st, andthe new rates taking effect from July 1st, according to reports.
According to details, following the recent increase in petrol and dieselprices burdening the public, there is now the possibility of anotherdestructive price hike.
According to media reports, the IMF is not inclined to offer any relief toPakistan on the matter of gas price increases. In a message sent to theincumbent government by the IMF, a double-edged demand has been maderegarding gas rates. According to media reports, the IMF has demanded a 45%increase in gas rates. If the IMF’s demand is met, it will impose anadditional burden on the pockets of the public.
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It is reported that the IMF has demanded an increase in gas rates, aimingto collect 435 billion rupees. The IMF is not willing to provide any reliefin the matter of increasing gas rates.
