Petrol Price In Pakistan

Petrol Price In Pakistan,That oil prices have been kept unchanged for February is a small mercy, with the government making much of the Rs 6.6 billion this will supposedly cost it.

That cost is actually revenue that will not accrue from Petroleum Development Levy. The decision to keep the prices unchanged came because of the opposition of members of the oil pricing committee to raise them.

Though the IMF agenda for Pakistan includes passing on any price increases in the world oil price to Pakistani consumers, the political parties realise that, at Rs 72.96 per litre, petrol had probably reached the limit of the consumer’s ability to pay, as had kerosene at Rs 70.95, It should be remembered that with the increase in gas loadshedding, consumers are increasingly turning to kerosene stoves for basic cooking.?