Opposition Grills Government for increasing Petrol prices – Research Snipers

Opposition Grills Government for increasing Petrol prices

deregulation

The opposition parties together strongly criticized the government’s decision to raise the prices of petroleum products during the Thursday’s National Assembly session and demanded to reduce the petrol price by Rs5 and diesel by Rs8 to provide relief to the general public as soon as possible.

Opposition leader pointed out that government is imposing unnecessarily high taxation on petroleum products which is 31 percent. The prices in the neighboring countries are relatively low as compared to Pakistan, under which law government increased the prices. He also said the government has failed in revenue collection.

PTI’s Shah Mehmood Qureshi also criticized the government for collecting revenue indirectly from poor people which is unjust. MGM and JI also rejected the hike in petroleum products.

Government spokesperson on the other side claimed that petroleum prices in Pakistan are lower than neighboring countries such as; India, Bangladesh, and Sri Lanka. Iqbal said the government has started various development projects in the country including physical infrastructure, energy projects, and various CPEC projects.

Finance secretary said the government has raised the prices on OGRA recommendation, the government only increased half of the prices that OGRA recommended which is actually a relief to the public.