ISLAMABAD: A significant increase in petroleum prices in the offing as the government may impose sales tax at 17 per cent on the petroleum products.
The prices of petroleum products on February 01, 2023 in Pakistan are: petrol Rs249.80 per liter; high speed diesel Rs262.80 per liter; kerosene oil Rs189.83 per liter; and light speed diesel Rs187 per liter.
The government may impose sales tax on petroleum products in coming days which would massively increase prices of consumer products.
Pakistan is likely to further increase sharply the petroleum prices during visit of a team of the International Monetary Fund (IMF).
Pakistan on Sunday increased sharply the prices of petroleum products ahead of scheduled announcement that was on January 31, 2023.
Pakistan is likely to make announcement to review petroleum prices ahead of scheduled date of January 31, 2023 considering the long queue at fuel stations fearing massive price hike.
New petrol price may go up to PKR 309 per liter in Pakistan following steep fall in rupee value and expected imposition of sales tax on petroleum products.
Pakistan may announce a massive increase in petroleum prices in order to meet the conditions set by the International Monetary Fund (IMF).
ISLAMABAD: Pakistan on Sunday decided not to increase the prices of petroleum products till January 31, 2023.
ISLAMABAD: Pakistan on Saturday maintained the prices of petroleum products at the previous level for the first fortnight (January 1-15, 2023).