Local prices of petroleum products more than international market: PEW
Click here to View Printed Statement
Fuel prices can be reduced if FBR start targeting nobility
The Pakistan Economy Watch (PEW) on Sunday said prices of petroleum products in the country are far more than the international market which is hurting masses and every segment of the economy.
Petroleum prices can be reduced if FBR starts taxing nobility which will automatically reduce pressure on the poor masses, it said.
Government has no other option but to heavily tax the petroleum imports which is chocking the economic growth, said Dr. Murtaza Mughal, President PEW.
He said that all the important petroleum products are attracting double digit taxation which has penalised the masses. Situation can take a positive turn if corruption is reduced in the tax administration.
