📌 Key Highlights & Quick Takeaways:
- Islamabad (National Bureau): After the record profits of the refineries in Pakistan, the federal government has changed the petroleum levy and tr.
- Despite the crisis in the Middle East and the drop in oil prices in the country, the profits of several refineries in Pakistan increased by more.
- But now the federal ministers say that Prime Minister Shehbaz Sharif gave this 'strict' instruction on Friday that the price of petrol will not b.
Islamabad (National Bureau): After the record profits of the refineries in Pakistan, the federal government has changed the petroleum levy and transferred some of its burden to the refineries instead of the consumers.
Despite the crisis in the Middle East and the drop in oil prices in the country, the profits of several refineries in Pakistan increased by more than 1,000 percent during the first quarter of the current fiscal year.
But now the federal ministers say that Prime Minister Shehbaz Sharif gave this 'strict' instruction on Friday that the price of petrol will not be increased by 15 rupees but the additional burden will be borne by the refineries.
On Monday, Pakistan's Federal Minister for Petroleum Ali Pervez Malik said during a press conference in Islamabad that "on Friday (October 30), the price of petrol was going to increase by 15 rupees, but the refineries cooperated and we were able to stop it."
