By Ahsan Mughal/Mehrab Shah Afridi
KARACHI/ISLAMABAD: Virtual negotiations between Pakistan and the International Monetary Fund (IMF) are ongoing, with the global lender pressing the government to immediately raise petrol and diesel prices in line with rising international oil rates.
Read More: https://metro-morning.com/pakistan-considers-weekly-fuel-price-reviews-amid-middle-east-tensions/
Sources say the IMF has also stressed that Pakistan should avoid providing subsidies on petroleum products and ensure key fiscal targets are met. Officials confirmed that the lender demanded fuel prices be aligned with global market rates and that the petroleum development levy (PDL) target of Rs1,468 billion be achieved by June 30. So far, Rs822 billion has been collected from July to December, covering more than 60% of the total target.
Read More: https://metro-morning.com/petrol-price-in-pakistan-may-surge-rs32-amid-middle-east-tensions/
In addition to fuel pricing, proposals for energy conservation were discussed to help control the current account deficit. Suggestions include shifting schools and colleges to online classes in the first phase, adopting smart working arrangements for government offices, and setting fixed market hours to reduce electricity consumption. Delivery services for large retail outlets and restaurants may also be encouraged to limit operational energy use.
Authorities emphasized that petroleum reserves are currently adequate but warned that global energy market volatility requires close monitoring. Measures to prevent hoarding and illegal transfers of petroleum products are also under consideration to ensure stable domestic fuel supply
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