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GST on petroleum products increased by 5pc

Announcing reduction in petroleum price, Prime Minister Mian Mohammad Nawaz Sahrif acknowledged that government didn’t slash the prices as much as it should be.

He said government will lower its economic burden by charging extra on petroleum products.

From February 1, the petroleum products will be sold as follows: High Octane Bleeding Component (HOBC) at Rs80.31, Petrol at Rs70.29, High Speed Diesel (HSD) at Rs80.61, Light Speed Diesel (LDO) at Rs57.94 and Kerosine Oil at Rs61.44.

 

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