petroleum levy
5 stories with this tag
PoliticsGovernment and Jamaat-e-Islami agree outline for petroleum levy relief as final decision awaits PM–JI chief meeting
The government and Jamaat-e-Islami have agreed on the broad outlines of a draft agreement to extend petroleum-related relief to consumers after a tenth round of talks in Islamabad.
Pakistan NewsGovernment–JI talks on petroleum levy enter final stage, with working paper and relief package next
Negotiations between the government and Jamaat-e-Islami over removing the petroleum levy and giving consumers relief have entered their final stage, JI negotiator Liaquat Baloch said after Tuesday’s meeting in Islamabad, though no final agreement has yet been announced.
Pakistan NewsPakistan’s oil refineries protest new petrol pricing formula, warning of Rs49 a litre burden and risk to $6 billion upgrades
Pakistan’s four oil refineries have demanded the immediate withdrawal of the government’s revised petrol pricing mechanism, saying it imposes a burden of Rs49.02 per litre on locally produced petrol and threatens billions in planned refinery upgrades.
Pakistan NewsPakistan refineries to absorb Rs15 a litre petrol hike for 30 days, shielding motorists from a Rs15 billion monthly burden
Pakistan’s oil refineries will absorb a roughly Rs15-per-litre increase in petrol prices for 30 days, carrying an estimated Rs15 billion a month in costs under a revised pricing mechanism approved by the federal cabinet, Petroleum Minister Ali Pervez Malik announced on Monday.
Pakistan NewsPakistan’s revised petrol pricing forces refineries to surrender war-time premium, giving consumers Rs14.71 a litre relief
The federal government has revised the petrol pricing mechanism so refineries must surrender the difference between import and ex-refinery prices under the petroleum levy, a move officials say translates into relief of Rs14.71 per litre for petrol consumers.