🚗 Auto
Decision to give cheap petrol to motorcyclists – News Panda
Decision to give cheap petrol to motorcyclists – News Panda
The federal government is reportedly planning to provide relief to the middle and lower middle class amid the ongoing inflationary storm. According to media reports, Prime Minister Shahbaz Sharif has asked the Finance Ministry to provide cheap petrol to motorcycle owners and rickshaw drivers. This decision was taken today in the Cabinet meeting at Prime Minister House. Additionally, there are plans to collect Rs 150 billion as annual subsidy from the owners at around Rs 25 to Rs 50 per liter to avoid IMF objection. Sources have claimed that it is proposed that the price of petrol for car owners will be Rs 300 to Rs 325 while for bike owners it has been decided to increase the price of petrol from Rs 225 to Rs 250. Subsidy to petrol – not doable Petrol sales – 875 mn liter per month this year Motor bikes on road -24 mn – assuming consume 20 lit in a month – 480 mn lit – 55% of petrol sales. To big a fiscal hole Then Its implementation is extremely difficult — Ali Khizar (@AliKhizar) March 14, 2023 The Prime Minister has asked the authorities to finalize the proposal and present it to him as soon as possible. “Motorcyclists and rickshaw drivers belong to the lower middle class, and the government will try its best to provide them some relief. It may be mentioned that the previous government had also proposed a similar scheme to provide petrol at a lower price to motorcycle owners. However, this plan could not be implemented. In a shocking unexpected news on February 28, petrol prices were slashed. Yesterday, Ogra had suggested to increase the prices of all petroleum products, but the government did not pay heed to this suggestion. Instead of increasing the price of petrol, the government chose to reduce the price of petrol. Current price of petrol After the reduction in the price of petrol by 5 rupees, its price is now 267 rupees. We know that this is not a big difference in prices and will not affect inflation. Diesel price remains unchanged at Rs 280 per liter Current prices of petroleum products in pakistan are as follows: Petrol Rs 267 High Speed Diesel (HSD) Rs 280 Light Diesel Oil (LDO) Rs 184.68 Kerosene Rs 187.73
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