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.
The surprising reason why buying guns helps endangered species
- 12 hours ago
Grand passing out parade of recruits held at Rangers Academy Mandi Bahauddin
- 2 hours ago
US bypasses congressional review for military sales of $8.6bn to Middle East allies
- a day ago
Foreign Office terms social media post by British SRA as one-sided
- a day ago
Why famous people want to be death doulas
- 12 hours ago
President, PM vow to safeguard, promote press freedom
- 4 hours ago
The Voting Rights Act is all but dead. Prepare for maximum gerrymandering.
- 12 hours ago
Pakistan successfully tests Abdali missile, demonstrates strategic strength
- 4 hours ago
Finance Minister vows investor-friendly policy environment
- a day ago
This billionaire could be California’s next governor — and he wants to arrest Stephen Miller
- 12 hours ago
KSA reverses decision to impose minimum age limit of 15 years for Hajj within hours of its announcement
- a day ago
PSL 11 Final: Peshawar Zalmi Face Hyderabad Kings in Lahore today
- 4 hours ago
