ISLAMABAD: The federal government is likely to review petrol prices for a fortnight, sources told the Correspondent.
The price of diesel is likely to see an increase of Rs3.50, whereas, petrol price will see an increase of Rs4.20 rupees.
Petroleum levy to remain unchanged at Rs5.14 for diesel and at Rs4.80 for petrol, remaining where the levies were a fortnight ago.
Earlier in June, the PM rejected a proposal by the Oil and Gas Regulatory Authority (OGRA) for an increase in fuel prices.
The current price of petrol stands at Rs108.76 per litre, while the prices of diesel, kerosene oil, and light diesel are Rs110.76, Rs80, and Rs77.65.86, respectively.
Speaking on the issue, Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari called out the PTI government for presenting a selected anti-people budget. Chairman PPP also rejected the budget terming it as a method of economic murder that will lead the country to the point of no return.
In a statement issued from the Media Cell Bilawal House, the Chairman Pakistan Peoples Party Bilawal Bhutto Zardari stated, “It is evident IMF employees prepared the budget and then gave it to Imran Khan. Yet, the puppet PM went ahead and presented it without any consideration, nor did he pay heed to the plight of the poor.”
Chairman Bilawal Bhutto Zardari also asked the nation to note the indirect taxes imposed by the PM. “Instead of applying direct taxes, Imran Khan is robbing the nation by levying indirect taxes worth billions of rupees.”
Highlighting the atrocious amount of indirect taxes imposed, Chairman PPP said, “An increase of Rs 20per litre on petrol and Rs7 per kg on sugar is occurring. Gas and petrol prices will also go up when companies give 17 per cent sales tax on crude oil and LNG.”