IMF urges Pakistan to pass fuel price hikes to consumers

Islamabad: The International Monetary Fund has advised Pakistan to immediately pass rising petroleum costs to consumers and avoid subsidising petrol and diesel prices. The recommendation came during virtual discussions between IMF officials and Pakistani authorities as the country evaluates the impact of global energy price volatility and supply disruptions. The lender also urged the government to meet its target of collecting Rs1.468 trillion through the petroleum development levy by June 30. Officials are reviewing energy conservation measures, including work-from-home arrangements, limited operating hours for markets and increased online learning, to reduce fuel consumption and ease pressure on the national economy amid regional tensions affecting global energy routes.