The government gave more money to some petroleum stations because they are fighting a new tax. This tax makes things more expensive for customers.
In Lahore and Rawalpindi, some gas stations decided not to close. Instead, they will talk with the government. They want to keep their stations open on July 5 so the economy stays strong.
Oil companies want to make 60% more money. They are still talking with the government about this. They want to fix the problem of paying taxes twice on fuel.
Some merchants in Karachi wanted to protest, but a group called the Reformers said no. They said those merchants were putting the interests of oil companies before their own communities. Despite threats, the chairman of PPDA said gas stations across the country would close on Friday.
To maintain supply, the Petroleum Division instructed provincial governments to make sure oil tankers were moving during the day. This is not the customary “nights only” policy.
Tax Impact on Petroleum Sellers and Customers
To read our blog on “Petrol prices to spark the significant fiscal challenge,” click here
