The Pakistan Business Forum (PBF) has appealed to Prime Minister Shehbaz Sharif to reassess the country’s daily petroleum pricing system, saying the current mechanism is placing additional financial pressure on businesses and consumers.In a letter to the prime minister, PBF President Khawaja Mehboob ur Rehman argued that frequent fuel price revisions have created uncertainty in the market and contributed to higher prices of essential consumer goods.
The forum claimed that petrol prices have risen by Rs24 per litre and diesel prices by Rs60 per litre within the past five days. It maintained that, amid challenging economic conditions, the government’s priority should be to ease the burden on the public instead of transferring rising costs to consumers.Calling for immediate intervention, Khawaja Mehboob ur Rehman said the economy requires supportive measures and contended that existing policies have not provided adequate relief.
Among its recommendations, the PBF proposed limiting the petroleum levy to the equivalent of an 18% general sales tax per litre and reducing the margins allocated to oil marketing companies.The business body also opposed any increase in dealers’ margins, stating that petroleum dealers already receive more than Rs8 per litre.
It urged the government not to approve any proposal from the Ministry of Petroleum that would place additional financial pressure on consumers through higher dealer margins.Please give me headline
