Price of petroleum products less in Pakistan as compared to neighboring countries

MG News | December 14, 2017 at 04:02 PM GMT+05:00

0:00

State Minister for Petroleum Jam Kamal on Thursday informed the National Assembly that prices of petroleum products are less in Pakistan as compared to neighboring countries.

Responding to calling attention notice regarding recent increase in the price of the petroleum products he said oil prices in India is Rs 118 per litre, Sri Lanka. Rs 87, Bangladesh Rs. 112 Nepal Rs. 100 and Pakistan Rs 77.40.

He said that prices of petroleum products in Pakistan are linked with international market. “If the prices of petroleum products decreasing internationally, the impact is being passed on to local consumers” he added.

He said that internationally exploration activities had been curtailed due to decrease in the prices of petroleum products but in Pakistan exploration activities had not been curtailed. He said 2-D and 3- D survey had been completed in various areas.

He dispelled the impression that any unlawful tax had been imposed on petroleum products.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%