Consumers support a heavy tax burden on petroleum products Blogging Sole

The employees of a fuel station take care of their customers in Islamabad, Pakistan, February 16, 2022. - AFP / File
The employees of a fuel station take care of their customers in Islamabad, Pakistan, February 16, 2022. – AFP / File
  • The price of the petrol refinery fixed at RS148.51.
  • HSD ex-rapinery price recorded at RS154.06.
  • No sales tax imposed on petrol, HSD.

Islamabad: Consumers pay a significant amount in terms of taxes, rights and margins on petroleum products, according to official documents obtained by Geo News.

According to documents, RS107.12 per liter is collected in taxes, rights and margins on petrol, while RS104.59 per liter is taken from high -speed diesel (HSD).

Before taxes and rights, the ex-pilberry price of petrol rises to RS148.51 per liter, while HSD costs RS154.06 per liter. An rs70 oil sample per liter is imposed on both petrol and HSD.

In addition, petrol includes RS15.28 per liter in customs service, while HSD A RS15.78 per liter in customs service.

The concessionaires earn RS8,64 per liter as a commission in terms of petrol and HSD, while oil marketing companies (WTO) take RS7.87 per liter on the margins. The margin of inner equalization of freight (IFEM) for petrol is Rs 5.33 per liter, while for HSD, it is RS2.30 per liter.

The documents also reveal that no sales tax is currently billed with petrol or diesel. Meanwhile, the retail price of petrol is RS255.63 per liter, while HSD is at the price of RS258.64 per liter.

Prime Minister Shehbaz Sharif, on March 15, decided to maintain the prices of oil products unchanged for the next fifteen and to divert the reduction in a drop in petrol prices on the international market to a notable revision of the power rate for the masses.

The finance division has also published a notification, declaring that the government had decided to maintain the prices of all petroleum products at the current levels.

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