PoL prices increased through Presidential ordinance

Pakistan

PoL prices increased through Presidential ordinance

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09 July,2009 10:48 am

Petroleum prices have again increased through a ordinance passed by President Zardari as the Petroleum Development Levy has been imposed on petroleum products with immediate effect from today. Petrol and diesel prices will now be selling on the old price which is Rs. 62.13 petrol and and Rs. 54.94 diesel. The ordinance has been named as Petroleum Development Levy Ordinance 2009 which president signed early in the morning. It is pertinent to mention that Supreme Court (SC) suspended the carbon tax surcharge on petroleum products through its ruling on Tuesday.