Monday, March 1, 2021  | 16 Rajab, 1442
Samaa TV
Facebook Twitter Youtube
HOME > Local

Don’t try to make money off rising petrol prices, SC tells government

During a hearing on Sunday on rising petrol prices in the country, a three-judge Supreme Court bench headed by Chief Justice Saqib Nisar said raising petroleum prices is not a way for the government to make money. The CJ said to fulfill the country’s requirements 85% of its fuel was imported. He asked whether there...

SAMAA | - Posted: Jul 8, 2018 | Last Updated: 3 years ago
Posted: Jul 8, 2018 | Last Updated: 3 years ago
Don’t try to make money off rising petrol prices, SC tells government

During a hearing on Sunday on rising petrol prices in the country, a three-judge Supreme Court bench headed by Chief Justice Saqib Nisar said raising petroleum prices is not a way for the government to make money.

The CJ said to fulfill the country’s requirements 85% of its fuel was imported. He asked whether there was any truth in statements that claimed that the country is getting oil from Saudi Arabia on loan. The managing director of PSO replied that they used to get petroleum on loan from Saudi Arabia before but that has been stopped.

We need oil at the cheapest possible price, said Justice Nisar. He asked why oil was imported from abroad through middle men, lamenting that these middle men took commissions on these transactions.

The PSO head said that oil producing companies did not market their products.

The caretaker government reduced the price of petrol by Rs4.26 on Sunday, a week after it increased the price by Rs7.5. The CJ had taken notice of the sudden rise in the price of and tax on petroleum prices in the country.

FaceBook WhatsApp
 
HOME  
 
 
RELATED STORIES

Comments are closed.

FaceBook WhatsApp
 

 
 
 

MOST READ
MOST READ
NADRA to issue succession certificates in two weeks
COVID-19 vaccine updates in Pakistan and around the world
SFA seals cake factory in Karachi’s Korangi
Four killed in car crash on Karachi’s University Road
‘Put Imran Khan in a chingchi to taste 4K Chowrangi’
KMC moves to clear Karachi’s Orangi nullah of encroachments
Watch: Indian pilot Abhinand’s never seen before video
NAB recovers Karachi land worth Rs21b in fake accounts case
 
 
 
 
 
About Us   |   Anchor Profiles   |   Online Advertising   |   Contact Us   |   Feedback   |   Apps   |   FAQs   |   Authors   |   Comment Policy
Facebook   |   Twitter   |   Instagram   |   YouTube   |   WhatsApp