ISLAMABAD: The government is expected to gradually increase petroleum levy on petrol and other

The benchmark Brent prices had decreased by about$ 3 per barrel during the last 10 days. Petrol is mainly used in private transport, small vehicles, rickshaws, and two-wheelers, and it directly affects the budget of the middle and lower middle classes.... Under the law, the government has the cushion to increase PDL to a maximum of Rs70 per litre. The government also charges about Rs16 per litre of customs duty on petrol and HSD, regardless of their local production or imports.... In addition,

ISLAMABAD: The federal government on Satur-day removed Petroleum Division Secretary Dr Arshad

additional petroleum levy.... Informed sources said that based on the existing tax rates, import parity

acting head of the DOJ's National Security Division after the top prosecutor served in the position for

UPOccidental Petroleum reports its first-quarter results Tuesday. Wall Street expects the oil and gas

President Joe Biden is again dipping into the nation's petroleum stockpile to try to corral rising

The decision comes amid speculation that the government may increase petroleum prices by up to Rs

The meeting, presided over by Finance Minister Miftah Ismail, also approved a summary for the grant of an unspecified amount of honorarium to officers and staff of the ministry of finance and revenue board.... The Tariff Advisory Board had already cleared the proposal on February 28, 2022. Interestingly, the key purpose of the free trade agreement between the two friendly countries signed on April 28, 2019 was the promotion of fair trade competition.... Yet this provides a substantial cushion

estimates for higher prices of petroleum products stem from a decline in the international market. The