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Set pressure cooker (or Instant Pot) to sauté then add butter and oil. Heat uncovered.
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While the butter is melting cut potatoes lengthwise. After the butter has melted add potatoes and garlic to the pressure cooker. Cook potatoes on the sauté setting for 15-20 minutes, stirring occasionally.
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Add vegetable broth (or water) then secure pressure cooker lid with the valve set to sealing. Select the manual setting, high and cook for 8 minutes.
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Allow the pressure to release on it’s own for 10 minutes then open valve. Top potatoes with parsley, salt & pepper before serving.