After a recent hike, petrol prices are likely to go up by Rs. 7-8 per liter, reaching a new rate of Rs. 297.42 per liter. Diesel prices may also increase by Rs. 1-2 per liter. The government has not raised the petroleum levy or introduced GST yet, so this rise in prices might happen without these changes.
: Get ready for another increase in petrol prices after the recent hike of Rs. 9.66 per liter. According to our sources, petrol prices are likely to go up by Rs. 7-8 per liter, reaching a new rate of Rs. 297.42 per liter from the previous price of Rs. 289.41 per liter.
According to reports, the government hasn’t raised the petroleum levy or introduced GST yet, so this rise in prices might happen without these changes. If the government does raise these taxes later on, the situation could worsen, possibly reaching higher petrol prices than ever before in the country’s history.
The prolonged devaluation of currency over several years and the tense geopolitical situation in the Middle East, particularly any indications of potential conflict between Iran and Israel, are also impacting oil prices globally.There have been reports indicating that the government intends to raise the petroleum levy from Rs. 60 to Rs. 100. The Petroleum Development Levy has witnessed various adjustments in recent years, with a notable increase during the fiscal year 2023.
Petrol Prices Increase Hike Diesel Government Taxes
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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