Before the new government begins discussions with the International Monetary Fund (IMF) about a long-term economic plan, the IMF has proposed increasing the general sales tax (GST) from 0% to 18% on various items, including petrol. The IMF estimates that this could generate approximately Rs. 1,300 billion, which would account for 1.3% of Pakistan’s Gross […]
The police in Rawalpindi prevented proprietors of gas stations from fueling up motorcycles without helmets. There is no leniency for motorcycle riders without helmets across Punjab, especially in Rawalpindi. A zero-tolerance policy of no helmet, no petrol has been adopted. The district administration and police officials say that head injury can be fatal even in […]
After a delay of six days, the government finally notified the revised prices of petroleum products in the early hours of Wednesday, raising the petrol price by Rs1.45. As per the standard procedure, the notification for revised prices is issued around midnight. However, this time, the notification by the Finance Division came two hours late, […]
As Pakistan’s inflation, which just hit a 47-year-high in August at over 27 per cent, is on an upward curve, the International Monetary Fund (IMF) has warned against protests and instability in the country. Socio-political pressures are expected to remain high and could also weigh on policy and reform implementation, IMF says As Pakistan’s inflation, […]
The government has reduced the prices of petrol for the second time in 15 days. The rates of oil have been on a decline worldwide, due to which the Oil and Gas Regulatory Authority (OGRA) had suggested the government reduce the prices of petrol in its latest summary. The price of petrol has been brought […]
Oil Tankers Contractors Association (OTCA) has threatened to discontinue the supply of petroleum products across the country as a protest against Oil Marketing Companies (OMCs) for awarding illegal loading contracts. President Oil Tankers Contractors Association (OTCA); Abdullah Afridi, has claimed that 6 OMCs have illegally awarded commercial and bulk loading contracts of petroleum products to […]
Petroleum Price: The prices are revised every 15 days, but they will remain unchanged from March 1 to March 15, the Petroleum Division said. On Sunday, Prime Minister Imran Khan rejected the summary on increase in petroleum prices submitted by the Oil and Gas Regulatory Authority. According to the Ogra summary sent to the Petroleum […]
The price of petrol and petroleum products may once more shoot up after February 15, sources on Saturday. According to sources, the Oil and Gas Regulatory Authority (OGRA) has sent a summary for revision of rates to the Petroleum Division. Sources said that OGRA has based the recommended rates on a levy of Rs30 per […]
Petrol may become expensive. The petroleum products prices in Pakistan are likely to go up yet again from February 1. OGRA recommends increasing petrol price by Rs.12 per liter, told sources. There are chances of the sharp increase of Diesel price by Rs.10 per liter; regulator recommended. Pakistan’s government has increased the prices of petroleum […]
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