ECC okays petroleum levy cushion plan

ECC has approved a plan of creating cushion of PKR 5-10 per litre on account of petroleum levy to address the volatility in petroleum product prices. The govt. had hiked the price of petrol by PKR 25.58 per litre and diesel by PKR 21.31 per litre for Jul’20 in line with the spike in global crude oil prices, which sparked controversy.