Supreme court challenges Petroleum Development Levy Ordinance

About a week ago government had imposed the extra carbon tax to the petroleum products, which significantly increased the prices of these products. Soon this tax was suspended via court order and petroleum prices were again back down.

After wards president Zardari issued an ordinance called “Petroleum Development Levy Ordinance”, this suspended whatever said in court order and again imposed the carbon tax increasing the petroleum prices. This way in matter of two to three days petroleum prices were raised, decreased and then raised again.

Now this petroleum development levy ordinance is again challenged in supreme court and soon another decision is expected about it.

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