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Petroleum Products

Pakistan urges IMF to ease harsh terms on power tariffs, fuel taxes

Amid a worsening economic crisis due to floods, high inflation and depreciating currency, Pakistan on Friday urged the International Monetary Fund (IMF) to ease harsh terms which require Islamabad to increase power tariffs and fuel taxes over the next six months.

Govt raises petroleum export cess

The Central government has raised excise duty on export by Rs 6 per liter on Aviation Turbine Fuel (ATF), Rs 6 per liter on petrol and Rs 13 per liter on diesel. Apart from that Rs. 23,250 per tonne of cess will be charged on crude export. There is no change or addition of cess in the import of crude oil.