The latest documents of Pakistan’s Ministry of Energy have revealed that about 46 percent of the price of petrol per liter in Pakistan consists of various taxes, levies and profits, due to which the financial burden on citizens is increasing significantly. According to the documents, the ex-refinery price of petrol is Rs 247.15, while consumers are paying a total of Rs 211.26 per liter in taxes.
According to the data, per liter of petrol, Rs 24.12 is customs duty, Rs 7.52 is inland freight margin, Rs 7.87 is profit of oil marketing companies and Rs 8.64 is commission of pump dealers. In addition, the petroleum levy was earlier Rs 160.61 per liter, which was reduced by Rs 80 last night, however, even after the reduction, about Rs 131 in tax is still being collected. The price also includes a climate support levy of Rs 2.50.
Experts say that heavy taxes on petroleum products are leading to an increase in inflation and a decrease in the purchasing power of the common man.
In this context, Prime Minister Shehbaz Sharif has announced a significant reduction in the price of petrol in his address to the nation.
The government has decided to reduce the price of petrol from Rs 458 per liter to Rs 378 per liter.
According to the Prime Minister, instead of passing on the burden of the increase in global energy prices to the people in the last three weeks, the government has borne Rs 129 billion from national resources.
The Prime Minister said that the common man is already under severe economic pressure, so the government has temporarily borne the additional burden itself. He expressed hope that further stability in prices will be possible in the future with the improvement in the ongoing global tensions and the war situation.
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