Karachi goods carriers cut fares 5 percent after petrol price cut
The association also urged cuts in toll taxes and withholding tax to relieve the transport sector.
Karachi's goods carriers will cut freight fares by 5 percent after the government reduced petroleum prices, the Karachi Goods Carriers Association announced on Saturday, Karachi Goods Carriers Association and the Oil and Gas Regulatory Authority (OGRA) said.
Association President Rana Muhammad Aslam said the government's decision to lower petroleum prices was welcome and that the association would pass the benefit on to the public.
Aslam said the steps taken by Prime Minister Shehbaz Sharif and the federal petroleum minister deserved praise.
He demanded that toll taxes also be reduced and that the transport sector get relief through a cut in withholding tax.
Separately, the Oil and Gas Regulatory Authority (OGRA) said in a notification that the price of petrol had been cut by Rs2 per litre, bringing the new price to Rs330 per litre.
The notification said the price of diesel had been kept unchanged at Rs360 per litre.
The new fuel prices took effect from midnight and will remain in place for three days, the notification said.
OGRA is the federal regulator for Pakistan's oil and gas sector, and it issues the notifications that set the prices of petroleum products at the pump.
Diesel is the main fuel used by trucks and other goods vehicles, so transporters' costs are closely tied to its price, which is why the association's demands focus on both fuel and taxes.
