Pakistan Fuel News and Discussions

[ejaz007]

Petrol up by Rs14.85 per litre, diesel Rs13.23​

he government raised the prices of petrol and diesel by Rs14.85 and Rs13.23/lit respectively after imposing the petroleum levy (PL) under the condition of International Monetary Fund (IMF)​

By Tanveer Malik
July 01, 2022

Finance Minister Miftah Ismail and Petroleum Minister Miftah Ismail addressing a press conference on June 30, 2022. Photo: APP

KARACHI: The government on Thursday jacked up the prices of petrol and diesel by Rs14.85 and Rs13.23 per litre respectively after imposing the petroleum levy (PL) under the condition of International Monetary Fund (IMF).

According to an announcement of the Finance Division, the government imposed Rs10 PL per litre on petrol, pushing up its price to Rs248.74 per litre from Rs233.89 per litre. The price of diesel also jumped to Rs276.54 per litre from Rs263.31 per litre after the government slapped Rs5 per litre PL on it.

The price of kerosene witnessed Rs18.83 increase per litre to Rs230.23 from Rs211.43 per litre after addition of Rs5 per litre PL in it.

Related Stories​

• Latest petrol price in Pakistan
• 570,000 tonnes of petrol likely to be imported in July

The price of Light Diesel was raised to Rs226.15 per litre from Rs207.47 per litre, which included Rs5 per litre PL. The new prices of petroleum products would be effective from July 01, 2022.

Giving reasons for the increase in prices of petroleum products in the next fortnight, the Finance Division stated that in view of fluctuations in petroleum prices in the international market and exchange rate variation, the government has decided to apply petroleum levy partially and revise the existing prices of petroleum products as agreed with the development partners.

The government imposed PL on the prices of petroleum products after several months when prices of the petroleum products were frozen by abolishing the PL and General Sales Tax (GST) by the PTI government. The government passed on the full impact of rising global prices in the last price revision. The government, however, won’t collect GST on petroleum products in the next fortnight.

Petrol up by Rs14.85 per litre, diesel Rs13.23

KARACHI: The government on Thursday jacked up the prices of petrol and diesel by Rs14.85 and Rs13.23 per litre respectively after imposing the petroleum levy under the condition of International...

www.thenews.com.pk

 

[Catalystic]

Lol @ “development partners”

Wo mamay kay putter hain ye development partners, sharam to ayegi nai kabhi

 

[ziaulislam]

Petrol up by Rs14.85 per litre, diesel Rs13.23​

he government raised the prices of petrol and diesel by Rs14.85 and Rs13.23/lit respectively after imposing the petroleum levy (PL) under the condition of International Monetary Fund (IMF)​

By Tanveer Malik
July 01, 2022

Finance Minister Miftah Ismail and Petroleum Minister Miftah Ismail addressing a press conference on June 30, 2022. Photo: APP

KARACHI: The government on Thursday jacked up the prices of petrol and diesel by Rs14.85 and Rs13.23 per litre respectively after imposing the petroleum levy (PL) under the condition of International Monetary Fund (IMF).

According to an announcement of the Finance Division, the government imposed Rs10 PL per litre on petrol, pushing up its price to Rs248.74 per litre from Rs233.89 per litre. The price of diesel also jumped to Rs276.54 per litre from Rs263.31 per litre after the government slapped Rs5 per litre PL on it.

The price of kerosene witnessed Rs18.83 increase per litre to Rs230.23 from Rs211.43 per litre after addition of Rs5 per litre PL in it.

Related Stories​

• Latest petrol price in Pakistan
• 570,000 tonnes of petrol likely to be imported in July

The price of Light Diesel was raised to Rs226.15 per litre from Rs207.47 per litre, which included Rs5 per litre PL. The new prices of petroleum products would be effective from July 01, 2022.

Giving reasons for the increase in prices of petroleum products in the next fortnight, the Finance Division stated that in view of fluctuations in petroleum prices in the international market and exchange rate variation, the government has decided to apply petroleum levy partially and revise the existing prices of petroleum products as agreed with the development partners.

The government imposed PL on the prices of petroleum products after several months when prices of the petroleum products were frozen by abolishing the PL and General Sales Tax (GST) by the PTI government. The government passed on the full impact of rising global prices in the last price revision. The government, however, won’t collect GST on petroleum products in the next fortnight.

Petrol up by Rs14.85 per litre, diesel Rs13.23

KARACHI: The government on Thursday jacked up the prices of petrol and diesel by Rs14.85 and Rs13.23 per litre respectively after imposing the petroleum levy under the condition of International...

www.thenews.com.pk

IMF wanta govt to increase revenues and decrease spending
Since govt doesnt want to decrease spending and doesnt has any plan to increase taxation the easy way out is tax fuel

Govt in budget said it will collect800b from fuel tax..well it coulf have saod it would collect it from elsewhere

 

[Catalystic]

From where?
Only thing left is like mobile tax-addons……
PTA already collects tax from overseas mobile sets…..has that been cancelled(DIRBS)??

 

[SoulSpokesman]

Well although fuel prices have increased so much still fuel consumption has gone up. Means Pakistani citizens have the ability and willingness to pay full price of fuel. Had IK levied taxes on fuels and not given subsidies, Pak wouldnt have the fiscal deficit problem it is facing now

Regards