High speed diesel will now cost 280 rupees a litre.
The Pakistani rupee has fallen sharply against the dollar since an artificial cap on the local currency was removed last month to allow its value to be decided by a market-based exchange rate.
US Secretary Antony Blinken to visit quake-hit Turkey on Sunday
New aid route to rebel-held north Syria opens
The South Asian country is locked in negotiations with the International Monetary Fund (IMF) for the release of critical bailout funds, and with roughly enough reserves to meet only three weeks of imports, Pakistan is looking to increase revenue despite multi-decade high inflation of 27%.Pakistan laid a supplementary finance bill before parliament on Wednesday, proposing to raise the goods and services tax (GST) to 18% from 17% to help raise 170 billion rupees ($639.70 million) in extra revenue during the fiscal year ending in July.
The finance bill also proposed to raise taxes on luxury items to 25%, while hikes in taxes on first- and business-class air travel, cigarettes and sugary drinks were also proposed.
High speed diesel will now cost 280 rupees a litre after an increase of 17.20 rupees, the finance ministry said. Kerosene and light diesel oil prices were increased as well.
India’s finance ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record high domestic prices, three government officials close to the discussions said.
The UAE fuel prices will rise for April by 8-9 per cent for gasoline and 3 per cent for diesel including the 5 per cent VAT, as announced by the suppliers.
The price of Super 98 will be Dhs1.91 per litre, while the prices of Special 95 will be Dhs1.8 per litre, E-Plus 91 at Dhs1.72 per litre and Diesel at Dhs2.06 per litre as of the beginning of July 2020.
Fuel prices recorded a seventh consecutive hike on Sunday, taking the total increase over the past week to more than Rs4 per litre. Petrol and diesel prices are continuously becoming expensive for the common man with oil marketing companies (OMCs) raising the fuel prices frequently.
Residents in areas under Russian control reported earlier this month that they had been handed a Russian passport, which is necessary for basic bureaucratic procedures.
Sheikh Hamdan said His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, places the highest priority on ensuring the wellbeing of senior citizens.
The Dubai search and rescue teams freed the trapped child, according to Lieutenant Colonel Abdullah Bishoh, head of the Land Rescue Department, in the General Department of Transport and Rescue in Dubai Police.
According to new semi-official statistics, total cigarette sales in Egypt during the past nine months amounted to about 55 billion Egyptian pounds ($1.7 billion), with an increase of 4 billion pounds over the same period in 2022.