The Federal Government has increased the petroleum levy (PL) on Petrol by Rs. 2.74 per liter after keeping the prices of petroleum products unchanged.
Following the increase, the petroleum levy on petrol has risen to Rs. 50 per liter, according to official documents available with ProPakistani.
MS Petrol’s ex-refinery price increased from Rs. 164.47 to Rs. 164.85 on 1 November 2022 while the Inland Freight Equalization Margin (IFEM) went from Rs. 0.35 a liter to Rs. 2.01. The dealers’ margin remained unchanged at Rs. 7 per liter and the Petroleum Levy increased from Rs. 47.26 a liter to Rs. 50, which brought the total price to Rs. 224.80 per liter.
The general sales tax (GST) on petrol is still zero.
This hike comes in consideration of the federal government’s earlier decision that the petroleum development levy would be upped to Rs. 50 per liter before January 2023 in order to fulfill a key condition of the International Monetary Fund (IMF).
Meanwhile, the government announced yesterday to keep POL prices unchanged. The price of petrol will remain at Rs. 224.80 per liter, high-speed diesel (HSD) at Rs. 235.30, light diesel oil (LDO) at Rs. 186.50, and kerosene at Rs. 191.83.
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If Pakistani Government really wants to survive and govern and win hearts of all the poor masses it should then order all institutions / Firms (both Government and private) to increase salaries by 50% so that the public is in position to meet the daily basic life needs. Fix minimum salary of Rs 50000/month for labour class