Wednesday, February 1, 2023
HomeGeneralGovernment collects 33% less tax on petrol against previous government :Minister

Government collects 33% less tax on petrol against previous government :Minister

ISLAMABAD: The government imposes only 16.4 per cent tax on petrol, which was about 33 per cent less than the time of Pakistan Muslim League-Nawaz (PML-N) when the tax rate was up to 52 per cent, a senior government official said on Friday.

Federal Minister for Planning, Development and Special Measures Asad Umar tweeted: “The current Petroleum Development Levy (PDL) is Rs 5.62 and sales tax is Rs 11.76 and tax is Rs 17.38 per liter of petrol.”

Also read:

Umar said that the base price of one litre petrol was Rs105.92 and the total price was Rs123.30; hence, the taxation rate/litre was 16.4 per cent, which is less by one-third of the time of Pakistan Muslim League (PML-N) government when the tax was 52 per cent.”

The minister was responding to a tweet by the Pakistan People’s Party leader Murtaza Wahab Siddiqui who referred Asad Umar’s tweet written in February 2016 when he had said: “Petrol price without taxes is Rs 46.80 and taxes (PDL+GST) on it are Rs24.50 so the total tax on petrol is now equal to 52 per cent.”

Addressing the planning minister in his tweet, Wahab said: “Can u please do the same mathematics now?”

After presenting the details of taxation on petrol, the minister asked Wahab “anything else do you want to ask?”



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments