LAHORE – The costs of petroleum merchandise are more likely to enhance by as much as Rs4 per litre for the second half of November because the federal authorities deliberate to gather extra income from oil shoppers amid the financial crunch.
Reviews quoting Petroleum Division officers mentioned the costs of petrol have been labored out to extend for the following fortnight.
It was reported that growing costs of key petroleum merchandise comes as a part of the federal government’s negotiations with the worldwide lender. Petrol and diesel are two key merchandise that generate many of the income.
Earlier, the petroleum levy on petrol and different oil merchandise was elevated to spice up income receipts nevertheless the tax levied by the centre has been stored at a minimal.
Final month, the oil costs had been stored unchanged for the primary half of November and as of now petrol value stands at Rs224.80 per litre, Diesel prices Rs235.30 per litre whereas Kerosene oil price is Rs191.83 per litre.