ISLAMABAD: There is a possibility of further reduction in petrol prices in Pakistan from June 16 due to the fall in global oil prices.
As per the details, the federal government will revise the petrol prices on June 15, the new prices will be effective from June 16.
From April 16, the PML-N government had reduced the price of petrol by Rs 24 per liter and the price of diesel by Rs 20 per litre.
From June 16, the price of petrol is expected to be reduced by Rs 9 and the price of HSD by Rs 4.
The Muslim League (N)-led federal government proposed a significant increase in petroleum levy on petroleum products.
Read More: Budget 2024-25: Expected petrol prices in Pakistan from June 16 after petroleum levy increased
Federal Finance Minister and Revenue Senator Muhammad Aurangzeb, while presenting the federal budget for the financial year 2024-25, said that the government had proposed a 33 percent increase in the prices of petrol and diesel.
Similarly, the proposal calls for a 50% increase in the levy on high-octane, light diesel and ethanol. After approval of the proposal, high octane, light diesel and ethanol will be charged Rs 50 per litre.
ISLAMABAD (Rizwan Abassi): Pakistan’s recent trade policy has gained significance amid reports that the United…
ISLAMABAD: Important legislation may be considered in the negotiations between the Pakistan People's Party (PPP)…
ISLAMABAD: If you are thinking of applying for a UK visa from Pakistan and are…
LAHORE: The Drugs Control of Punjab declared a Class-I alert after the lab tests confirmed…
KARACHI: The government has decided to include unmarried women above the age of 35 in…
ISLAMABAD: The Pakistan Institute of Development Economics (PIED) has recommended setting the minimum monthly wage…