Govt mulling not hiking prices of petroleum products further despite increase in global market

ISLAMABAD: The federal government has banned the export of all petroleum products and is considering not hiking prices further despite a continuous increase in the global market and the drawdown of about Rs389bn in budget allocations for emergencies to absorb the future price shock as much as possible. The decision comes after the latest estimates, based on existing tax rates and pricing formula, suggest that the price of high-speed diesel (HSD) going up by Rs56 per litre and that of petrol b...

By none@none.com (Khaleeq Kiani)