Consumers are absent from reducing full oil prices due to the adjustments in the fees – Trendy Blogger

Consumers are absent from reducing full oil prices due to the adjustments in the fees

 – Trendy Blogger

Islamabad: Consumers did not receive the full benefit from the recent reduction in oil prices, as the government has amended the transportation fees and margins of oil companies, which partially met the relief that was previously announced. These amendments resulted in a loss of 1.42 rupees per liter in relieving gasoline and 0.50 rupees per … Read more

Refinery costs are expected to rise as the government bans tax adjustments – Trendy Blogger

Refinery costs are expected to rise as the government bans tax adjustments

 – Trendy Blogger

The government prohibited oil refineries from adjusting input taxes on crude oil purchases against sales tax on refined petroleum products, including gasoline and diesel. The change, introduced through the Finance Act 2024, has raised concern across the refining industry, as it threatens to increase operating costs and disrupt refinery upgrade projects. According to Pakistan Refinery … Read more