It is good to know that finance minister Ishaq Dar has made it clear that petroleum prices will stay unchanged. According to a Business Recorder report, the government has decided to maintain the petroleum prices in March and proposed that an increase in prices by Oil and Gas Regulatory Authority (Ogra) would be adjusted by reducing GST from existing 27 percent to 18 percent.
His is a right approach to the price dynamics of POL products. Frequent reductions in petroleum prices in recent weeks and months have definitely provided a lot of relief to the people. These steps have led to offset the pressure that Pakistan Tehreek-e-Insaf (PTI) chief had put on the government.
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