Citizens may bear brunt of extra costs on fuel prices

Citizens may bear brunt of extra costs on fuel prices

Oil marketing companies, refineries, dealers to benefit from additional Rs75bn; petroleum division mulls GST on oil products.

Govt reportedly decides not to pass on benefits of lower international fuel prices

The federal government has reportedly decided, for the third time in two months, not to transfer the benefit of declining international oil prices to the general public. Instead, it is considering imposing an additional charge of Rs4.12 per liter on petroleum products. According to Dawn, the government has withheld a cumulative reduction of approximately Rs18 per liter in petroleum prices over the past two months. This approach aims to discourag…