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.
Will the attacks on Zohran Mamdani awaken a “sleeping giant”?
- 9 hours ago
President zardari in Doha to attend World Social Development Conference
- 4 hours ago
Saturday Night's Main Event takeaways: Has Jey Uso's time to claim the World Heavyweight title passed?
- a day ago
If Man City are going to win the Premier League, all roads lead to Haaland
- 10 hours ago
Three most-wanted terrorists linked to Fitna al-Khawarij arrested in Karachi
- a day ago
Yamamoto seals MVP with epic Game 7 in relief
- a day ago
Lady Vols' Whitehorn dismissed after 2nd arrest
- 10 hours ago
Marchand nets 'special' goal for pal's late daughter
- a day ago
Pakistan’s blue economy will be a “game changer" for the country, Finance Minister
- 4 hours ago
Govt, parliament to decide on sending troops to Gaza, Pak army focused on security: ISPR
- a day ago
Arab-Islamic countries have jointly called for urgent humanitarian aid for the Palestinians
- 5 hours ago
Welcome to the November issue of The Highlight
- 9 hours ago
