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The Pakistani government is looking to tame inflation with fuel price cuts and a price-control mechanism, caretaker Prime Minister Anwaar ul Haq Kakar said on Monday. ... October 16, 2023 at 10:34 ...
(Bloomberg) -- Pakistan’s government increased local fuel prices from Friday to meet a key condition set by the International Monetary Fund for reviving its bailout program after talks with the ...
Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. As of 1 February 2025 Pakistan inflation rate recorded 2.4% lowest in 9 years. The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive ...
Indonesia had previously subsidized fuel prices to keep prices low, costing US$7 billion in 2004. [82] SBY has mandated a significant reduction of government subsidy of fuel prices in several stages. [83] The government has stated that cuts in subsidies are aimed at reducing the budget deficit to 1% of GDP in 2005, down from around 1.6% last year.
The fuel tax system in Australia is very similar to Canada in terms of featuring both a fixed and a variable tax, but varies in the case of exemptions including tax credits and certain excise free fuel. Since October 2018, the fuel tax in Australia is A$0.412 per litre for petrol and ultra-low sulphur diesel (conventional diesel being taxed at ...
The government has said even more money would be needed for subsidies this year if fuel prices were not increased. UPDATE 1-Indonesia considering hiking fuel prices as much as 40% -lawmakers Skip ...
Pakistan State Oil Company Limited is a Pakistani petroleum public company involved in procurement, storage, marketing and distribution of petroleum and related products. [3] [4] It has a network of 3,689 petroleum filling stations, out of which 3500 outlets serve the public retail sector and 189 outlets serve wholesale bulk customers.
Pakistan's gas fields are only expected to last for about another 20 years at the most due to heavy industrial usage. [12] [13] The Largest Gas Producing province of Pakistan is Baluchistan. The Sui gas field is the biggest natural gas field in Pakistan. It is near Sui in Balochistan. The gas field was discovered in the late 1952 and the ...