Govt can bring down petrol price by cutting refineries’ commission
KARACHI: The government can bring the price of petroleum products to normal level by cutting off the commission of refineries, as this step would help decrease the cost of production in industries.
Member Standing Committee on Petroleum and Natural Resources Dr Rukhsana Zuberi said this in Karachi Chamber of Commerce and Industry.
She said that the government compares the petroleum price with that in India, where petrol ex-refinery price is less than that in Pakistan by Rs8 and diesel price is by Rs3.
Rukhsana Zuberi said if a refinery commission is set up in Pakistan like India, the petrol and diesel prices could be brought down, however, the government is shunning this step to give a boost to foreign companies.
so what do u guys say? is it true......