Petrol is likely to be cheap high speed diesel and kerosene expensive nice work & jobs
Petrol is cheap while high speed diesel and kerosene are likely to be expensive. Under the current tax rate, the price of petrol will come down by around Rs 10.75 per liter to Rs 214. According to the report of Dawn newspaper, despite the fourteen percent increase in the value of the Pakistani rupee against the dollar, the prices of petroleum products and high-speed diesel are likely to increase by 5 to 15 rupees per liter.
However, if the current tax rate remains unchanged, there is a possibility of a reduction in petrol prices by around Rs 11 per liter for the next fortnight after October 15. In contrast, the price of high-speed diesel is likely to reach Rs 247 after an increase of Rs 11.50 per litre.
Similarly, the price of kerosene is expected to reach Rs 196 after an increase of Rs 4.50 paisa per liter, while the price of light diesel oil (LDO) is expected to reach Rs 194 after an increase of Rs 7.50 paisa per liter.
Earlier, Minister of State for Petroleum Mossadegh Malik had said that the government has no intention of imposing GST on petroleum products, 17 percent GST is not being collected on petroleum products, the previous government had asked the IMF to levy 50 rupees on petrol. What was promised to be done? Speaking in the Senate, he said that the government is currently not collecting 17% GST on petroleum products, currently 41% GST is not being collected on petrol and 46% on diesel. Not intended. Mossadegh Malik said that the previous government promised the IMF to impose a levy of Rs 50 on petrol, at present they are charging Rs 12 levy on diesel.
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