Relief package reversal . (i) Elimination of post-tax fuel subsidies and the PRs 5/kwh blanket power subsidy by end-June 2022; (ii) increase in the petroleum development levy (PDL) on petrol by PRs 10/liter and on diesel by PRs 5/liter on July 1 2022; (iii) increase in the PDL on petrol by PRs 10/liter and on diesel by PRs 5/liter on August 1, 2022; and (iv) we commit to implement monthly PDL increases of PRs 10/liter for petrol and PRs 5/liter for diesel on September 1, 2022, followed by increases of PRs 5/liter per month for both fuels until the PDLreaches PRs 50/liter in January 2023 (petrol) and April 2023 (diesel).
N/A