Islamabad: The government of Pakistan has been revealed to be collecting a staggering amount in taxes, duties, and margins on petroleum products, amounting to PKR 107.12 per liter on petrol and PKR 104.59 per liter on high-speed diesel (HSD).
According to a document, citizens are bearing an unprecedented burden of levies and duties on fuel prices. The documents reveal that a Petroleum Levy of PKR 70 per liter has been imposed on both petrol and high-speed diesel—marking the highest-ever levy in the country’s history.
Additionally, Customs Duty on petrol is PKR 15.28 per liter, while high-speed diesel carries a duty of PKR 15.78 per liter. Further, petrol and diesel retailers are charging a dealer commission of PKR 8.64 per liter, and Oil Marketing Companies (OMCs) are making a margin of PKR 7.87 per liter.
The cost also includes Inland Freight Equalization Margin (IFEM), amounting to PKR 5.33 per liter on petrol and PKR 2.30 per liter on high-speed diesel.
The documents confirm that no sales tax is currently being charged on petrol and diesel. However, the ex-refinery price of petrol stands at PKR 148.51 per liter, whereas the consumer price has been set at PKR 255.63 per liter.
Similarly, the ex-refinery price of high-speed diesel is PKR 154.06 per liter, while the consumer price is PKR 258.64 per liter.
[ Source Dawn ]
