The Finance Ministry has proposed to increase the price of petrol by Rs 12 per liter instead of Rs 8

-






The Ministry of Finance has proposed to increase the price of petrol by Rs 12 per liter instead of Rs 8 per liter. According to details, a special proposal has been sent by the Finance Ministry to the Prime Minister's House to increase the prices of petroleum products. According to a report by private TV channel ARY News, the finance ministry has suggested to the prime minister that the price of petrol be increased by Rs 12 per liter and diesel by Rs 9.53 per liter.

The Ministry of Finance has taken the position that the price of oil in the world market has increased drastically, while the government is not even collecting sales tax on petrol at the moment, the Ministry of Finance has increased the price of petrol due to IMF conditions. Suggested

On the other hand, Federal Minister for Information and Broadcasting Fawad Chaudhry in a media briefing after the meeting of the Federal Cabinet said that there is no choice but to increase the prices of petroleum products, the decision to increase oil prices will be made by the Ministry of Finance, oil is not produced in Pakistan. Oil prices have risen in the global market due to tensions between the United States and Europe over Ukraine. How long can Pakistan stop the rise in prices.

Earlier, sources said that the price of crude oil in the world market has increased significantly and crude oil is being traded at 95 95 per barrel in the market. Diesel is likely to be up to Rs 8.5 per liter and diesel is also likely to be up to Rs 6.5 per liter.

According to the reports of foreign news agencies, the price of Brent crude oil reached 96 96 and the price of WTI reached 95 95 per barrel during trading in Asian markets. According to the report of the English newspaper Express Tribune, after the price of crude oil in the world market reached the highest level of 7 years due to the tension between Russia and Ukraine, experts fear that the price of oil per barrel will reach a staggering level of 125 125. What is it.

Experts say Russia's invasion of Ukraine could plunge the global economy into crisis. It could go up to 125 125, which could lead to a situation similar to the 2008 global economic crisis. According to the report, if the prices of crude oil in the global market get out of control, then the price of petrol in Pakistan could reach a staggering level of Rs 200 to Rs 225, which will result in a terrible storm of inflation in the country.

Location: Pakistan

Comments

Post a Comment

Popular posts from this blog

The Prime Minister facilitated the poor for the first time in three and a half years, confessed Sheikh Rashid

-
Image
  Federal Interior Minister Sheikh Rashid has admitted that Prime Minister Imran Khan has provided facilities to the poor for the first time in three and a half years. The Prime Minister reduced the price of petrol, diesel and electricity. For the first time in three and a half years, Ramran Khan provided facilities to the poor which is a great thing. Now we should also give concessions on flour, ghee and sugar so that life can be facilitated. He said that Imran Khan did a very good job and he should be commended. We need to organize ourselves and your Prime Minister. Sheikh Rashid, while making a poetic comment on Bilawal Bhutto's long march, said:  "Don't lose the dignity of tears like this." "It's okay to stay at home." He said that Bilawalwala Long March is his own long march, it is good for him, let Bilawal come to Islamabad. The Interior Minister further said that under the leadership of Imran Khan they are pursuing an independent and impartial for...
Read more

Pakistan Navy traces another Indian submarine

-
Image
  Pakistan has traced another Indian submarine. A statement issued by Pakistan Army Public Relations (ISPR) said that Pakistan Navy And traced the Indian submarine. According to DG ISPR, the Indian submarine of Calvary class was spotted on March 1. The anti-submarine warfare unit captured the Indian submarine. According to DG ISPR, this is the fourth Indian submarine to be traced in the last five years. On October 20, 2021, it was reported that the Pakistan Navy had tracked down an Indian submarine and prevented it from entering Pakistani waters. The Pakistani forces had foiled another ploy of India and exposed its ugly face to the world. The Pakistani navy had forced the return of an Indian submarine that had been trying to sneak into Pakistani territory for espionage and war purposes. The Pakistani navy aircraft, using its professional capabilities, detected the Indian submarine and pushed it across the Pakistani border into the international sea. The Indian Navy is deploying its...
Read more

The Election Commission barred the Prime Minister from attending the Lower Dir meeting

-
Image
  The Election Commission of Pakistan (ECP) has barred Prime Minister Imran Khan from attending a meeting in Lower Dir. According to media reports, taking notice of the local body elections in Khyber Pakhtunkhwa, Prime Minister Imran Khan has been barred from attending the Lower Dir meeting. In this regard, it has been said that attending the meeting would be a violation of the code of conduct of the Election Commission. It has been reported that the Election Commission has issued a new code of conduct after consultation with all political parties under which MPs are allowed to participate in the election campaign but public office holders are still barred from participating in the election campaign. Will be. It may be recalled that after the no-confidence motion was tabled in the National Assembly, Prime Minister Imran Khan announced a public meeting. There is a meeting, a meeting in Dir district of Khyber Pakhtunkhwa will tell who the people are with. In a meeting with journalist...
Read more