Wednesday, September 18, 2019  | 18 Muharram, 1441 | BETA
Samaa TV
Facebook Twitter Youtube
HOME > Money

Government explains how much tax you’re paying on petroleum products

May 3, 2019
 

Photo: AFP

The government submitted a detailed briefing on Friday about the tax collection on petroleum products in Pakistan.

In the Senate session, it was discussed that the government is already receiving a tax of Rs26.50 per litre on petrol. However, the government also receives a tax of Rs9.84 per litre for petroleum distribution and transport cost.

It was stated in the documents that around Rs39.96 in taxes are received from high-speed diesel per litre. Around Rs7.21 per litre tax is imposed and collected over the distribution and transport cost of high-speed diesel.

On kerosene, the government receives a tax of Rs15.86 per litre while Rs15.86 is being collected by the distribution and transport cast.

Related: PM Imran Khan rejects OGRA summary for the petrol price hike

According to the documents, Rs11.72 in taxes has been collected on light diesel oil every litre while of the distribution and transport cast, a tax of Rs2.38 has been collected per litre.

In the Senate meeting, it was also briefed that the government has been buying petrol at a rate of Rs62.55, however, the selling price is Rs98.89 per litre.

Same as with diesel, the government’s buying cost is Rs70.26 whereas it is sold at the rate of Rs117.43 per litre.

The buying price of kerosene oil is Rs69.65 and the selling price is Rs89.31 per litre.

The government has been buying light diesel oil at a price of Rs66.44 and is selling it at a rate of Rs80.54 per litre as per the documentation.

On May 1, Prime Minister Imran Khan rejected the recommendation of the Oil and Gas Regulatory Authority to increase petrol prices.

OGRA had recommended an increase of Rs14.37 per litre in petrol prices, Rs4.89 in diesel, Rs6.40 in light diesel and Rs7.46 in kerosene oil.

Follow SAMAA English on FacebookTwitter, and Instagram.

 
 
RELATED STORIES
 

Tell us what you think:

Your email address will not be published.

 
 
 
 
 
 
Khawaja Saad Rafique, Khwaja brothers, paragon housing scheme, nab, judicial remand
 
MOST READ