BREAKING NEWS

OGRA RECOMMENDS INCREMENT IN PETROL PRICES BY RS 8.53 AHEAD OF EID

The proposition incorporates the cost of rapid diesel (HSD) by Rs8.99, taking the new cost to Rs131.31 per liter. The new cost of lamp oil might be expanded by Rs1.69, taking the proposed cost to Rs98.46.

So also, cost for light diesel oil (LDO) is probably going to increment by Rs1.68, in this way taking the new cost to Rs88.62 per liter.

The effect of rupee devaluation against the dollar is said to be fused in HSD and petroleum costs, while the rest of the increments would be made because of the ascent in unrefined petroleum rates.

The government will take an official conclusion at increment in the costs after meeting with Prime Minister Imran Khan.

Notice for climb in oil based commodities discharged
The Federal Board of Revenue (FBR) issued the notification for a climb in costs of oil based goods.

The ongoing climb, which was produced into results from May 5, was made after an expansion into Goods and Services Tax (GST) from two percent to 12 percent on petroleum, driving the new rates to Rs108 per liter.

New rates of diesel remained at Rs122.32 per liter after GST’s climb up to 17 percent from 13 pc while light diesel’s rate was fixed at Rs86.94 per liter as GST expanded to 17 pc from 9 pc. The new cost of lamp fuel oil is Rs96.77 per liter with 17 pc GST which was raised from eight percent.

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