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Government Decides To Maintain Prices Of Petroleum Products


Muhammad UsmanMultimedia Journalist

31st May, 2021. 11:49 pm
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Federal Govt Decides To Maintain Prices Of Petroleum Products

The government has decided to maintain the prices of petroleum products on Monday.

According to the details, Prime Minister Imran Khan has rejected OGRA’s summary.

Spokesperson,& Special Assistant to Prime Minister of Pakistan on Political Communication, Shahbaz Gill via Twitter announced that there will be no increase in the price of petroleum products.

The prices of petroleum products in the international market are constantly rising. OGRA had again proposed to increase the price to Rs 8.86 per liter which was not approved by the Prime Minister, said Gill.

The Prime Minister’s measures against inflation will not lead to an increase in the price of petroleum products, he concluded.

The government will adjust to other taxes, including petroleum levy and sales tax. Petrol price will remain Rs 108.56 per liter, and the price of high-speed diesel will be Rs 110.76 per liter.

The government had earlier decided on 10th May to maintain the petrol and high-speed diesel sales tax rate.

According to the notification issued by the government, the sales tax rate on petrol and diesel will remain at 17%.

The notification said that the sales tax rate on kerosene has been reduced from 17% to 15.44% while the sales tax rate on light diesel has been reduced from 17% to 7.56%.

Earlier, Prime Minister Imran Khan had decided that the price of petroleum products would not be increased. The OGRA summary recommended an increase of Rs. 5 to 10.

The Prime Minister rejected it and decided to maintain the April 16 prices.

According to the notification issued by the Finance Ministry, the price of petrol has been fixed at Rs 108.56 per liter, high-speed diesel at Rs 110.76 per liter, kerosene at Rs 80 per liter, and light diesel at Rs 77.65 per liter.

The government is bearing the burden of Rs 4.8 billion by maintaining prices.

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