The price of crude oil had been reduced in the international market petrol. The price has been reduced from 113 dollars per barrel to 75 Dollars per barrel. With international fuel prices this down, they are still not doing enough. They have taken 7 months to reduce prices already saved up enough. Maybe they are saving for Nawaz Sharif’s entry since we had been hearing a 35 to 42 Rupees per litre discount.
The government could not increase the petroleum levy because it had already reached Rs.50/L as passed by the National Assembly during Miftah’s tenure. The only option left was to increase the sales tax, but the government decided to give relief and lower the public’s anger instead.
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