ISLAMABAD: The government has imposed an unprecedented increase in taxes and levy on petroleum products for the month of May 2020.
As per details, the government has raised petroleum levy (PL) on the price of petrol from Rs17.16 per litre in April to Rs23.76 per litre in May. Similarly, the government has increased the PL on high-speed diesel by Rs14.51 per litre to Rs30 per litre.
At present, on the per-litre price of high-speed diesel, the government is charging Rs11.64 in sales tax, Rs2.81 as margin for oil marketing companies, Rs3.12 as margin for dealers and Rs1.54 as margin under the head ‘Inland Freight Equalization’ (IFEM).
Similarly, for petrol, it was charging Rs11.85 in sale tax, Rs2.81 in OMCs’ margin, Rs3.70 as dealer’s margin and Rs3.73 under IFEM.
The government also increased the ratio of PL in the price of kerosene oil by Rs2.18 per litre, while the same on light diesel oil as hiked to Rs11.18 per litre.
According to a notification issued by the Petroleum Division, “PL on the sale of motor gasoline through retail outlet is Rs23.76 per litre while for direct sale of motor gasoline, it is Rs27.46 per litre. Likewise, PL for sales of high octane blended component (HOBC) through retail outlet is Rs14 per litre and for direct sale, it is Rs16.15. PL for sale of kerosene oil through retail outlet is Rs18.02 per litre while the same for direct sale is also Rs18.02 per litre. Moreover, PL for sale of HSD is Rs30 per litre through retail outlet and Rs33.12 per litre for direct sale.
“Furthermore, PL on the sale of LDO through retail outlet is Rs11.18 per litre and for direct sale, it is Rs11.18; while PL for the sale of E-10 Gasoline through retail outlet is Rs21.18/litre and for direct sale, it is Rs24.18/litre.”
According to sources, the purchase price of per litre petrol is Rs35.73 while new price of petrol is set at Rs81.58 per litre. On the other hand, the purchase price of HSD is Rs30.99 per litre while the sale price is set at Rs80.10.
They said that the government has made unprecedented increase in the ratio of tax, duty and PL ostensibly to earn billion of rupees in revenue. By jacking up the ratio of taxes, duties and PLs, the government has deprived the consumers of relief from the recent plunge in global oil prices, they added.
Superb anaylsis. This article open the eyes of general public who believe IK and his government help the common peoples and care for them as they shouted whole day on media. Nevertheless we poor and Jahil Awaam suffering from these kinds of dacoties from several year.They all basturds looted us and still want our flesh and Skin. Hats off to PM and All great chiefs sitting on top and allowing these Dracula’s to suck the last drop of blood ncoz they and their children getting all perks and previlages,So they don’t think about this zaleel and kaminee Awaam.
Under the circumstances it is acceptable. Government certainly needs money to fight COVID 19. Also people at the lowest rung of society will going to need more support, in coming future
ok forget about Covid effect. Read the articles on petroleum levis a few months back and you ll come to know that PMLN govt was charging a levi of Rs. 8 on petrol and 10 on HSD. Just in begining of 2020 the PTI govt started charging Rs 17 on petrol and Rs. 23 or so on HSD. And they were the ones who used to say about PMLN govt ke ye pese in ki jeb me jate hen.
People had brought this destruction ie pti government by their own hands.let them enjoy!
Article seems biased and agaist govt. Only. (Yahi bikta hai ajkal).
Would have been nice to see some hints of highest levels of petroleum levy in past 2 or 3 “jamhoori and awami adwaar”.
Looks like a khalai makhlook is speaking behind this ID 🤔🤔🤔
Article is based on facts and figures Zohaib. Please share yours.
Government is mobilising billions to support the poor families hit by COVID-19, where do you think they will compensate that from? Just because you and I did not receive the much needed 12,000 from the government to feed our children at night doesn’t mean the Government becomes a “choor”!
Stop forcing people see the “half empty” encourage them to see the half full instead….these are indeed unprecedented times and we must stand united with our government and the poor by accepting new taxes to fill government’s kitty let alone criticise the PL alone.
I know it is based on the fact but people need to understand the other fact also only 2.5 million people are register as tax payers in the population of around 240 million so what should the government do beg to international monetary organizations or collect from the masses through these indirect taxes?
The answer is through indirect taxes so that it can feed the needy ones during this crisis of covid 19 instead of criticisizing the government you need to spread positive word about the government if you are not an economist than don’t write this type of biased articles.
I am a student of economics and I can give you more than 100 reasons for these types of taxes the government is on the right path atleast IK is trying.
Because you didn’t get that 12k you wrote this article about the government
THIS EXTRACTAX SHOULD ONLY CATER TILL THE SHUT DOWN PERIOD AS AFTERWARDS IT WILL MAKE OUR INDUSTRIAL AND AGRICULTURAL PRODUCTION EXPENSIVE AGAINST REST OF THE WORLD. HENCE CAN TRIGER OUR ECONOMIC COLLAPSE.
MOREOVER MiDDLE CLASS SHOULD NPT BE ELEMINATED IN THE NAME OF POOREST.
Still very less than the levies imposed in the neighbouring countries like India, which is very high.
for those who only like to praise IK government, please understand that as per their regular TV talks, they have reduced so many taxes,we do not see any reduction on any consumer items. except for Fuel, which is not as much as they shud give. Givinv Emotional stories does not support Middle class, blue and white collar public as well people with limited Income.The govt Officials instead of wasting time on TV should go out in market without protocol and informing Masses and get prices. they should force manufacturer, whole seller and main sources to follow Government instructions to forward benefits to common public. All those blind lover of IK must understand that sitting on Containers and making statements and criticism is the most easy job and performing is most difficult. so be practical blaming everything on previous Govt is not the solution, most of the Wazirs are in PTI now !!!
If patriot Pakistanis in this forum paythe taxes honestly govt will not levy taxes. All these intelligent people should indicate the income of he govrtnment. From where she should return the lan installments taken by two dacos in last 10 years. It is shame.