The Ramadan festivities go out: the ECC approves an increase of 9 liters of Rs in the price of oil

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The Ramadan festivities go out

The Ramadan festivities go out: the ECC approves an increase of 9 liters of Rs in the price of oil

The festivities of Ramadan go out the ECC approHowever, the council decided to refer the matter back to the federal cabinet to make a final decision. The new price would be effective after the approval of the federal cabinet. After the increase in the price, gasoline will be sold at Rs 108.42 per liter. Chaired by the Adviser to the Prime Minister of Finance, Dr. Abdul Hafeez Shaikh, the ECC also approved an increase of Rs 4.89 per liter (or 4.16pc) in the price of high-speed diesel (HSD). HSD is widely used in the transport and agriculture sector. With this increase, the price of fuel will increase to Rs 122.32 per liter from the current Rs 117.43 per liter.

The ECC also approved an increase of Rs 7.46

The ECC also approved an increase of Rs 7.46 per liter in the price of kerosene and light diesel oil (LDO) at Rs 6.41 per liter. Kerosene, the fuel of the common man, will now be sold at Rs 96.77 per liter. Previously, it was sold at Rs 89.31 per liter. The Oil and Gas Regulatory Authority (Ogra) recommended an increase of Rs 14.38 per liter in the price of gasoline. The members of the ECC recommended a cut in the price of gasoline, but the Ministry of Finance took the position that the IMF mission was in talks with Pakistan and the decision was made to reduce the GST rate in gasoline. which caused a loss of income of R s 5 billion. An increase of Rs.6.41 per liter was also approved in the price of light diesel oil (LDO) that is used mainly for industrial purposes. Its price will rise from Rs 80.53 per liter to Rs 86.94 per liter. The ECC also approved a supplementary technical grant of 2,268 million pounds sterling for the case of the Hyderabad Fund at the request of the Ministry of Foreign Affairs. In terms of rupees, this supplementary subsidy amounts to Rs 414.6 million. The ECC also discussed the steel mills in Pakistan and discussed it most of the time during the meeting. The board approved the appointment of a transaction manager for the PSM of cash bleeding. It was also decided to refer the PSM to the Cabinet Privatization Committee for a decision.ves an increase of 9 liters of Rs in the price of gasoline.

However, according to the press release issued by the Ministry of Finance

However, according to the press release issued by the Ministry of Finance, Dr. Abdul Hafeez Shaikh chaired a meeting of the ECC to consider various proposals submitted by the ministries and divisions. The committee partially approved the adjustments in the POL products as proposed by Ogra. However, it was decided to reduce the GST in gasoline by 5% to provide relief to consumers, which implied a loss of income of around Rs 5 billion for the government. The Division of Industries and Production made a presentation to the committee on the findings and recommendations of the Group of experts set up to draw up an operational plan for the reactivation of Pakistan Steel Mills. The ECC approved the ministry’s recommendations and ordered that due process be completed to include the PSM for privatization with a view to implementing the recovery plan based on contributions and collaboration from the private sector. The ECC approved the proposal of the Petroleum Division to allocate gas from Thal East, Bhambhra and Thal West Fields to M / s SSGCL. The Industries Division updated the ECC with Ramazan’s aid package and reported that public service stores throughout the country were being supplied to service Ramazan’s purchases. The committee also approved complementary grants and complementary technical grants for different ministries and divisions. He also approved the payment of salaries to Khassadars of South Waziristan.

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