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The taxes, duties, margin and levies of Rs31.57 have been imposed on the per liter prices of petroleum products. The burden of taxes, duties and levies on the prices of petroleum products has started bothering the people. Taxes, duties, margins and levies are being collected at Rs 31.50 per liter on diesel while the ex-refinery price of petrol is Rs 116.26 per liter. The price of petrol has been fixed at Rs147.83 per liter, the ex-refinery price of high speed diesel has been fixed at Rs113.12 per liter, the price…

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Despite all the hue and cry around gas shortages, Pakistan has not been able to develop any new liquefied natural gas (LNG) terminals since 2017, while smooth commercial import of the scarce commodity still remains a far cry. Energy is a very tricky subject as far as Pakistan is concerned, where the industrialists, compressed natural gas (CNG) sector and domestic consumers keep complaining about the dearth of the natural resources, while the government’s mouthpieces keep propagating, “all is well”. At present, Pakistan faces a gas supply gap of 1,300mmfcd. This…

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In the three years of the PTI government’s rule, the country’s economy has nosedived with indicators like trade deficit, double-digit inflation, interest rate and debt of the country reaching an unimaginable level, causing a huge surge in the economic miseries of 220 million countrymen, Senator Saleem Mandviwalla, the author of the white paper on the current economic state of Pakistan, said on Sunday. While chargesheeting the government, he said that 50 percent devaluation of Pak Rupee in the three-year rule of PTI government has triggered a massive wave of inflation…

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The ongoing dispute between government and oil and gas exploration and production firms over post facto implementation of the windfall levy on the profits of the said companies is holding back commercial production of oil and gas from new discoveries. “Foreign and local private companies are neither drilling new wells nor commercially producing anything from the new discoveries because of the dispute over the imposition of levy,” an executive from one of the two foreign exploration and production (E&P) firms operating in Pakistan told this correspondent on the condition of…

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The consumers of liquefied petroleum gas (LPG) are paying up to 209pc higher marketing/ dealer margins and transportation cost on petroleum gas, as compared to petrol and high speed diesel (HSD), which makes the prices of the cylinder gas 30pc expensive in Pakistan than the neighbouring India. For the month of January 2022, the prices of LPG per KG in India is Rs 151/Kg (Rs 63/Kg in Indian Rupee), while in Pakistan it is Rs 197/Kg, which is almost 30pc higher than India, official sources told The Nation here Sunday.…

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