Govt reduces levy on petrol to zero: official

Web DeskWeb Editor

17th Jul, 2021. 02:33 pm
levy on petrol

ISLAMABAD: The federal government has reduced levy on petrol to zero to lessen the burden of the rising global prices of the commodity on consumers, an official said on Saturday.

In a tweet, Minister of State for Information and Broadcasting Farrukh Habib said that the government has brought down the sales tax on petrol to Rs11.50 from Rs15.90, a reduction of Rs4.4/litre on the commodity.

The incumbent government was facing a loss in its revenue collection by reducing taxes on petrol, he said, adding that on the contrary, former finance minister during the tenure of Pakistan Muslim League (PML-N), Ishaq Dar had used to impose the burden of global prices of petroleum products directly on the consumers.

Habib said that the Pakistan Muslim League-Nawaz during its tenure had never reduced or cut petroleum levy or sale tax on the petroleum products.

He chided PML-N leader Ahsan Iqbal for misleading the public that the government had not increased the petroleum prices in view of the international market but to put an extra burden of taxes on the people.

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