By an OGJ correspondent
KARACHI, Oct. 23 -- Pakistan has cut by almost 50% its fixed regulatory duty on diesel and kerosine exports to Afghanistan, effective immediately.
Under the prescribed formula, price differential claims have come down owing to a sharp fall in product prices in the international market, paving the way for a substantial cut in export regulatory duties for Afghanistan. Pakistan last month had imposed the duty on diesel and kerosine exports to Afghanistan because Afghanistan was subsidizing Kabul consumers.
Total exports of petroleum-related products to Afghanistan stood at more than $300 million during the last fiscal year (2007-08).