The Pakistani government has revealed details on the taxes and levies collected on petrol and diesel. Sources report that the government collects Rs 82 per liter as tax on both petrol and diesel, with an additional Rs 60 per liter levy.
This translates to a total collection of Rs475 billion from consumers in the first six months, with a target of Rs 920 to 970 billion projected for the entire year.
According to media reports, in a separate announcement, the government has decided to maintain petrol prices and reduce the price of high-speed diesel for the remainder of March. The Ministry of Finance issued a notification confirming that the price of petrol will stay at Rs 279.75 per liter, while high-speed diesel will see a reduction of Rs 1.77, bringing the new price to Rs 285.56 per liter.
These prices will be effective from March 16th, 12:00 PM, until March 31st, 12:00 PM.
This decision comes after the Oil and Gas Regulatory Authority (Ogra) reviewed data on petroleum product pricing. While Ogra’s review suggested a potential Rs 1 increase for petrol, it also indicated aRs 1 decrease for diesel.
The government opted to maintain petrol prices and implement the recommended decrease for diesel, keeping kerosene and light diesel prices unchanged.
This follows an earlier announcement for the first half of March, which saw aRs 5.75 increase in petrol prices while maintaining high-speed diesel prices at Rs 287.33 per liter.
