Govt Secures Rs15/Litre Petrol Relief via Refinery Subsidy

Petroleum Minister Ali Pervaiz Malik announced the Rs15/litre relief, keeping domestic petrol prices lower than international rates by absorbing an anticipated increase. This Rs15 billion monthly burden on local refineries mitigates the impact of regional conflict, which has pushed import premiums to USD25-30 per barrel. While this policy aims to curb domestic inflation, the underlying high import costs continue to pressure Pakistan's foreign exchange and could influence USD/PKR.

بحوالہ / Source: www.brecorder.com