The existing percentage of tax on per liter of petrol is still less than one-third of what it was at one point during the tenure of Pakistan Muslim League- Nawaz (PML-N), Federal Planning Minister, Asad Umar, has clarified.
The clarification from the Planning Minister comes a day after the incumbent federal government announced a massive hike in prices of petroleum products on the account of increased global oil prices and the exchange rate.
Taking to Twitter, the Minister penned that the current price of petrol is Rs. 123.3 per liter. Its base price is Rs. 105.92 whereas the total tax on it is Rs. 17.38.
Of the current total tax, the General Sales Tax (GST) stands at Rs. 11.76 and Petroleum Development Levy (PDL) at Rs. 5.62, taking the total percentage of tax on per liter petrol at 16.4%.
Hazir janab. The current pdl is 5.62 and sales tax is 11.76. Total tax 17.38. Base price 105.92. Total price 123.3. Taxation rate 16.4%. Which is less than one third of that time of pml n govt when tax was 52%. Aur koi khidmat janab? https://t.co/czvNLL0mc6
— Asad Umar (@Asad_Umar) September 16, 2021
On the other hand, in February 2016, when the price of petrol was Rs. 71.3 per liter, the total percentage of tax on per liter petrol stood at 52%.
While the base price per liter was Rs. 46.8, the then-federal government had imposed a tax of Rs. 25.5 (GST+PDL) on per liter petrol.
petrol price without taxes is Rs.46.8 and taxes (PDL+GST) on it are Rs.24.5 so the total tax on petrol is now equal to 52%
— Asad Umar (@Asad_Umar) February 1, 2016
