PIAF lashes out at govt over hike in petroleum products rates.

LAHORE -- The Pakistan Industrial and Traders Associations Front (PIAF) has lashed out at the government for increasing prices of three major petroleum products of petrol, diesel and liquefied petroleum gas, which will cause an additional burden of billions of rupees on consumers in this month.

In a joint statement issued here on Saturday, PIAF Chairman Mian Nauman Kabir and vice chairman Javed Siddiqi said that it is unfortunate that besides the 17% GST, the government has more than doubled the rate of petroleum levy on HSD and petrol in recent months.

PIAF Chairman said that The ex-depot price of petrol was raised to Rs109.20 per litre, showing an increase of Rs3.20 (2.90%). Petrol is mostly used in private transport, small vehicles, rickshaws and two-wheelers. He said that HSD is mostly used in heavy transport vehicles, trains and agricultural engines like trucks, buses, tractors, tubewells and threshers. This is one of the key...

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