ISLAMABAD: Finance Ministry has clarified that the government is charging minimum levy on petroleum products despite increase in the oil prices in international market.
In a statement, the Finance Ministry pointed out there has been ten to fifteen percent increase in international oil prices over the last fifteen days.
However, the government enhanced the petrol price by 8.25 percent.
It also rejected media reports that the OGRA had recommended increase of five rupees per liter whilst the government enhanced its price by 10.49 rupees.
The Finance Ministry said the government has enhanced prices of petroleum prices on the recommendation of OGRA.
The Finance Ministry said the government fully realizes as to how to protect poeple in the present situation and pass on minimum impact to them.
It stressed that prices of petroleum products in Pakistan are lowest when compared with the regional countries including India, Bangladesh and Sri Lanka.
Earlier in the day, the government notified the hike in prices of petroleum products under which an increase of Rs 9 to 12 per liter was made.
According to details, a notification was issued to increase the prices of petroleum products by Rs 9 to 12 per liter. Petrol price gone up by Rs 10.49 per liter, as per the notification.
According to the notification of the Ministry of Finance, the new price of petrol has been fixed at Rs 137.79 per liter. The price of high-speed diesel has been increased by Rs 12.44 per liter. According to the notification, the price of kerosene has been increased by Rs10.95. The new price has been fixed at Rs 110.26 per liter.
