Sharp increase in Petrol Price is expected from 1st July
The price of crude oil, which was $20 per barrel in the world market two months ago, has risen to $41.18 cents per barrel, meaning that the price has more than doubled. Economist Dr. Waqar says that in the budget, the government has announced to fix the petroleum levy at Rs 30 per liter. In addition, 17% of the sales tax and freight margins are in addition.
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The people have also demanded a reduction in taxes from the government. OGRA will send a summary of petroleum product prices to the government later this month. After which the prices will be finalized