Islamabad Inflation is at a peak in Pakistan undergoing economic crisis and prices of petroleum products from food to drink are skyrocketing. In such a situation, the budget of the houses of the common people has deteriorated and people are being forced to sleep hungry.
Meanwhile, preparations are now being made to give another big blow to the common citizens. Actually, a huge increase in the price of petrol in Pakistan is being considered. If this happens, the fire is going to be on fire soon in petrol prices. The Oil and Gas Regulatory Authority (OGRA) has suggested to the Imran Khan government to increase petrol prices by Rs 16 per liter.
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Please tell that currently the price of a liter of petrol in Pakistan is Rs 111.90 (Pakistani). If the government accepts this proposal and approves an increase of Rs 16 per liter, then the common people already suffering from the economic crisis due to Corona may face huge troubles.
Pressure on government to increase prices
Let us tell you that the Government of Pakistan had claimed 15 days ago that despite the suggestion of the Oil and Gas Regulatory Authority, it has increased the price of petroleum products only marginally.
In such a situation, there is more pressure on the Government of Pakistan to increase the price of oil. Here, Pakistani officials while talking to the media have said that the government is in favor of increasing the petrol price by only 3 rupees from February 16.
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Ogra has suggested to the government that the prices of petroleum products are increasing drastically. Now, if the prices of petrol are not increased then companies may have to face heavy losses.
It is known that the government has decided to compensate the loss to the petroleum companies by reducing the tax being levied as a levy. Currently, the government levies petroleum levy of Rs 21.04 per liter on petrol and Rs 22.11 on high speed diesel. Let the Imran government say in its budget that it will not levy more than Rs 30 on petroleum products.