Presidential Ordinance Hikes PoL Rates Again

Thursday, July 9, 2009 at 10:50 am

ISLAMABAD: The petroleum product prices have been inflated again through president ordinance as the Petroleum Development Levy has been imposed on petroleum products with immediate effect.
Presidential Ordinance Hikes PoL Rates Again
Now, Rs.10 on petrol and Rs.8 have been raised on diesel.

The ordinance has been named as Petroleum Development Levy Ordinance 2009 which president signed early in the morning.

The president signed the written advice from Prime Minister to raise petroleum prices through president ordinance while their copies have been sent to Ministry of Petroleum and Oil and Gas Regulatory Authority (OGRA).

It is pertinent to mention that Supreme Court (SC) suspended the carbon tax surcharge on petroleum products through its ruling on Tuesday.