Government is receiving Rs14 petroleum levy while GST is zero
Islamabad: The Oil and Gas Regulatory Authority (OGRA) Chairman Masroor Khan on Wednesday hinted at further increase in petrol prices from March 1.
The National Assembly (NA) Standing Committee on Petroleum convened a meeting, in which, the OGRA chairman hinted that the prices of petroleum products will go up from March 1.
OGRA Chairman Masroor Khan said that the price of oil which has gone up in 12 weeks is unprecedented. The rupee has also depreciated against the dollar. The government is receiving Rs14 petroleum levy while GST is zero. The money coming into the treasury is being compromised.
The chairman of the committee asked how much the situation in Russia would make a difference. In response, the chairman said that as the prices go up, the burden will fall on the people. “The formula of price is same as before,” he added.
World anxious to open Hormuz Strait while Trump and Iran trade threats
- 25 منٹ قبل
Sale dominates A's despite being 'sick as a dog'
- ایک گھنٹہ قبل
Fuel crisis: Sindh announces Rs2,000 subsidy for bikers
- ایک گھنٹہ قبل
Gold prices rise in Pakistan, global markets
- 2 گھنٹے قبل
Five civilians martyred in Bannu attack
- 2 گھنٹے قبل
QB Mendoza puts on show at Indiana pro day
- ایک گھنٹہ قبل
Pats' Vrabel doesn't dismiss Brown trade chatter
- ایک گھنٹہ قبل
Mets' Lindor on gaffes: 'Should have been better'
- ایک گھنٹہ قبل
World food price rise set to continue if Iran war lasts, FAO says
- ایک گھنٹہ قبل
Rooney: Rodgers to make decision before draft
- ایک گھنٹہ قبل
Punjab, Islamabad announce free public transport travel for one month amid 'abrupt' fuel price hike
- 2 گھنٹے قبل
NFLPA: Player safety requires trained, pro refs
- ایک گھنٹہ قبل
