PM Imran Khan rejects proposal to increase petroleum prices
Prime Minister Imran Khan on Monday has rejected the proposal to increase the prices of petroleum products.
According to the details, the Prime Minister directed to maintain the prices of petroleum products.
Imran Khan said the many people are already suffering due to floods after heavy rains in the country, in these time of crisis, increasing prices of petroleum products would not be an appropriate decision.
Earlier it was projected that the prices of petroleum-based products to be scaled by an increment of Rs. 5 per liter starting from 1st September.
Sources highlight heavy taxes and the imposition of petroleum levy as the key reasons for the possible rise in the prices of petroleum products. The price of petrol is likely to be increased by Rs.4.50 per liter while high-speed diesel might see an increment of Rs.5 per liter.
Petroleum prices will see a change every 15 days staring from September as per the decision made by the Economic Coordination Committee (ECC). Current prices will remain in place till the end of August.
Presently petrol is selling for Rs.100.10 per liter while diesel for Rs.101.46 per liter.
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