Petrol, diesel prices reduced by Rs1.5 per litre
Finance Minister Ishaq Dar announcing new petroleum prices on Jun 30, 2017. EXPRESS NEWS SCREEN GRAB
The supervision slashed on Friday a prices of petrol and high speed diesel by Rs1.5 per litre.
Petrol will now be available for Rs71.3 per litre while diesel will be sole for Rs79.9 per litre from Jul 1, Finance Minister Ishaq Dar announced during a news discussion in Islamabad on Friday.
The prices of light diesel and kerosene oil will sojourn unvaried during Rs44 per litre, he added.
On Thursday, a Oil and Gas Regulatory Authority (Ogra) had prepared and sent a outline for monthly revision in petroleum product prices to a Ministry of Petroleum and Natural Resources.
Despite a decrease of over 50 per cent in tellurian wanton prices over a past few years, a consumers have mostly been denied a full service due to large taxes. Pakistan continues to humour from income shortfall and a tax-to-gross domestic product (GDP) ratio that is one of a lowest in a region.
At present, dual forms of taxes are being charged from oil consumers including petroleum levy and ubiquitous sales tax.
Article source: https://tribune.com.pk/story/1447181/petrol-diesel-prices-reduced-rs1-5-per-litre/