The caretaker government has increased the petrol levy by Rs5 per litre, bringing it to Rs60 per litre.
The levy on high speed diesel remains unchanged at Rs50/litre and no sales tax has been levied on petrol and diesel. In its agreement reached with the IMF, the previous government assured the global lender that it would raise the petroleum levy to Rs60/litre.
Meanwhile, Petroleum dealers in Pakistan have issued a warning to close down filling stations across the country in protest of a non-increase in their profit margins. The decision comes after the government failed to honour its commitment of increasing their profit margins, leaving them dissatisfied with the current situation. In a statement, Pakistan Petroleum Dealers Association Chairman Abdul Sami Khan expressed frustration over the government’s inability to raise their profit margin, saying that a deadline of September 1 has ended.
Sami Khan pointed out that the government and other stakeholders had signed a written agreement with his association. However, he regretted, the government has not increased the profit margins.
“We cannot run filling stations with the current dealer margin”, he said, adding that expenditure ratio has witnessed a staggering increase.