Important sources reveal that due to the reduction in petrol prices, people do not see any hope of getting any kind of relief.
People from petrol products and government agencies say that according to the next review of petrol prices, people are unlikely to get any kind of relief because of the international prices of petrol products and crude oil. The government has no chance to cut prices.
Considering this situation, the refinery prices of diesel and petrol have been seeing a reduction in their prices for 15 days, but it is very difficult to adjust it to reduce the prices of petroleum products because till now our government has not allowed foreign exchange. Couldn’t fix the damage, and it’s been going on for a long time.
Currently, our government is charging 12 rupees on diesel and 50 rupees on petrol. In agreement with IMF government jacks diesel on levy to collect additional revenue.
Our sources have learned that the government is holding back the GST tax to avoid a massive increase in petrol prices, while the YEP tax on petrol may be levied and the IMF is pressuring us to increase its price.
Today, the price of diesel in Pakistan is Rs 235.30 per liter while the price of petrol is Rs 224.80 per liter, and it is being sold in the market at these prices.