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Business

December 29, 2017

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Govt urged not to raise POL prices

LAHORE: The government should not even think about any increase in petroleum prices at this critical stage when all indicators are not in favour of the economy and instead bring down the sales tax on petroleum products to the level charged from other sectors, a statement said on Thursday.

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LCCI President Malik Tahir Javaid, Senior Vice President Khawaja Khawar Rashid and Vice President Zeeshan Khalil said that any increase in POL prices will badly disturb the industrial, trade, economic and social activities.

They warned that no sector would be left unaffected if the government goes against the ground realities and increase POL prices that is one of the major raw materials for the industry and a must for trade and economic activities.

They demanded the government to move wisely and turn down any suggestion of increase in POL prices.

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