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Petroleum And Products: The Economics Behind Taxes

Petroleum and products: The economics behind taxes

It is extremely unfortunate that government after government endorses the seriously flawed tax system in the country irrespective of its commitments when in opposition; and cites higher tax collections as…

The petroleum levy burden

The Pakistani government’s decision to raise the petroleum levy to Rs80 per litre – via amendments to the Petroleum Products (Petroleum Levy) Ordinance, 1961 – has dashed public expectations of…

Prices of POL products

New petroleum prices have been announced; there is no big increase in prices of Petrol and HSD. However, the International Monetary Fund (IMF) agreement requires a Rs 10 increase in…

Petroleum price conundrum

A visibly agitated Finance Minister Miftah Ismail gave one press conference, addressed the All Parties Economic Recovery Conference and was a guest in at least five talk shows on Tuesday…

Petroleum prices: an analysis

From August 1, the GoP (government of Pakistan) has reduced gasoline’s price by Rs 3.05 to Rs 227.19/litre. However, diesel’s price been increased by Rs 8.95/litre with the new price…

The buck must stop with petroleum division

The country is facing a severe balance of payment crisis. With drying external sources to reroll maturing debt, it is of utmost importance to preserve the remaining reserves. That must…

POL products: massive price rise

The federal budget for next fiscal year is yet to be passed by parliament and rumblings against the government are loud and clear. Unlike previous years, it is not the…

Unjust Fixation Of Petroleum Prices

Unjust fixation of petroleum prices

On February 1, 2016, Pakistanis were expecting a reduction of at least Rs 15 per litre in petrol's price as Arab Light Crude Oil reached a new low in the…

Budget 2025–26: Between recovery and reality

As the government tabled the federal budget for FY2025–26 on June 10, it did so against a backdrop of cautious optimism. The Pakistan Economic Survey 2024–25 painted a picture of…