Govt advised to cut petroleum prices by up to Rs 15 per liter

MG News | April 20, 2020 at 12:27 PM GMT+05:00

0:00

April 20, 2020 (MLN): The government has room to cut petroleum product prices by about Rs. 24 per liter, however, analysts have proposed that it should cut petroleum price by Rs. 10-15 per liter.

They have further suggested that the government should only reduce diesel price by Rs. 15 per liter and Mogas by Rs. 10 per liter.

According to them, a reduction in diesel price will help in reducing transportation costs, which in turn will reduce fruit, vegetable, and other product prices in Ramadhan.

Steps such as the above are being taken to help companies plug revenue shortfall and retain some of the earnings, as the outbreak of COVID-19 has destabilized the economy and industrial output.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,170.00	118,295.00 116,115.00	2345.00 2.02%
BRENT CRUDE	68.22	68.42 67.34	0.27 0.40%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.00	94.50 94.00	0.45 0.48%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.98	64.20 63.11	0.28 0.44%
SUGAR #11 WORLD	15.97	16.27 15.92	-0.30 -1.84%