Given that there has been a total loss of PKR 65 billion over the last four months, the federal government has determined that consumers will have to pay the increased petrol prices starting in July of this year.
In addition to the price increases from July to October, the gas tariff increase will take effect in November.
Notably, a significant increase in gasoline prices was announced by the federal government, which said that the price hike would go into effect on 1 November. However, the government has now decided to add the losses of PKR 65 billion and recover them by asking the consumers to pay the hiked tariff from July of this year (which is four months).
هذه القصة مأخوذة من طبعة November 02, 2023 من The Business Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 02, 2023 من The Business Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
ADANI COMMITS $10 BN IN US ENERGY, INFRA PROJECTS
\"As the partnership between India and the United States deepens, the Adani Group is committed to leveraging its global expertise and invest $10 billion in US energy security and resilient infrastructure projects, aiming to create up to 15,000 jobs.\"
Onion prices remain sky high, govt to cap rate at Rs 35/kg
In response to a steep 42.18 per cent increase in vegetable prices as per CPI inflation data of October, driven largely by soaring onion prices, Consumer Affairs Secretary Nidhi Khare says the government is taking urgent steps to curb the impact on consumers.
CAIT alleges unfair trade practices by quick commerce companies
CAIT urged regulatory bodies to intervene and ensure that quick commerce platforms adhere to fair trade practices and protect the interests of small traders.
Sensex nosedives nearly 1,000 pts
\"Indian equity markets slipped after opening in positive territory due to a sell-off across the sectors amid a rise in dollar index and relentless foreign outflows-- ICRA Analytics.
Single malt brand Indri looks at going global
Piccadily Agro Industries, the makers of Indri, on Wednesday, announced its moonshot venture at taking an Indian whisky to the global stage.
No rate cut seen in February: SBI
The interest rate cut by the Reserve Bank of India (RBI) is unlikely in February due to the persistent inflation, SBI Research stated in its latest report, adding that a slight easing in inflation is expected starting in January.
DE-CIX AND GCX FORGE STRATEGIC PARTNERSHIP TO ENHANCE CONNECTIVITY
The world's leading Internet Exchange (IX) operator, DE-CIX, and submarine cable operator, GCX have signed a strategic partnership agreement to enhance global connectivity.
IDFC FIRST Bank unveils startup lounge to empower entrepreneurs
IDFC FIRST Bank, today announced the launch of a startup lounge, an exclusive space designed to support entrepreneurs and empower early-stage startups in India.
ISWAI are the registered owners of titles RUSTAM-E-HIND
\"BHARAT-KESARI\" etc. and have been promoting and conducting Traditional Indian Style Wrestling Events/Competitions for more than 68 years.
MediSun Energy and HSL Constructor Collaborate to Drive Sustainable Water
MediSun Energy, a leader in pioneering osmotic (blue) energy technology, is thrilled to announce the signing of a Memorandum of Understanding (MOU) with HSL, a prominent Singapore-based infrastructure and environmental engineering and construction firm.