Popular Post

Mohammad Rizwan Wins ICC Player of the Month for September
Cricket

Mohammad Rizwan Wins ICC Player of the Month for September

Millions of Facebook Passwords Stolen Warns Meta
Telecom

Millions of Facebook Passwords Stolen Warns Meta

Ramiz Raja Sure of Winning T20 World Cup With Selected Pakistan Team
Cricket

Ramiz Raja Sure of Winning T20 World Cup With Selected Pakistan Team

Smog Declared a Adversity in Lahore by PDMA
News

Smog Declared a Adversity in Lahore by PDMA

FIR Shows Unidentified Suspects Intentionally Set Fire to Centaurus Mall
News

FIR Shows Unidentified Suspects Intentionally Set Fire to Centaurus Mall

Government to De-Regulate Petroleum Product Prices Per IMF Agreement

  • author
  • 2022-09-06 22:04:27
  • News
Government to De-Regulate Petroleum Product Prices Per IMF Agreement

Description:

Beginning on November 1, 2022, the government will no longer restrict the cost of petroleum products.

According to sources, oil marketing organisations (OMCs) would set the rates for petroleum goods after deregulation. To satisfy domestic customer demand, the enterprises must purchase petroleum goods from the worldwide market by November 1st.

Regarding the pricing of petroleum products, the decision has been made to adhere to the provisions of the agreement with the International Monetary Fund (IMF).


When setting the prices of petroleum goods, the government solely collects the petroleum levy. The tax on gasoline was raised to Rs. 17.5 during the most recent fortnightly review, while the tax on diesel was lowered to Rs. 7.5. According to the terms of the IMF agreement, the government committed to raise the diesel tax to Rs. 15 by September 1.

You may also like

Popular posts

PTI slams ECP's decision, pledges to challenge Imran Khan's disqualification in tall court
Politics

PTI slams ECP's decision, pledges to challenge Imran Khan's disqualification in tall court

  • 2022-10-21 15:15:51
Will not take extension, retire in five weeks, says COAS General Bajwa
Politics

Will not take extension, retire in five weeks, says COAS General Bajwa

  • 2022-10-21 15:08:15
Documentary on Sharifs' 'corruption' isn't produced by Netflix, confirm makers
News

Documentary on Sharifs' 'corruption' isn't produced by Netflix, confirm makers

  • 2022-10-21 14:51:02
K-P CM holds Centre responsible for blackmail calls from Afghanistan
Politics

K-P CM holds Centre responsible for blackmail calls from Afghanistan

  • 2022-10-21 14:47:22
ECP disqualifies Imran in Toshakhana reference
News

ECP disqualifies Imran in Toshakhana reference

  • 2022-10-21 14:32:41

Pages

Subscribe our Newsletter!

Subscribe to our email newsletter to receive useful articles and special offers.