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Govt not getting sales tax on petroleum products, says spokesperson

APP News Agency

27th Nov, 2021. 03:39 pm
Govt not getting sales tax on petroleum products: Spokesperson

Govt not getting sales tax on petroleum products: Spokesperson— Photo: File

ISLAMABAD: Ministry of Finance Spokesperson Muzzammil Aslam on Saturday said that the government was getting zero per cent sales tax on petroleum products.

Talking to a private news channel, he said that the increase of levy does not mean an increase in the price of petroleum.

The charges of Islamabad to Lahore Motorways have increased due to the agreement of the previous regime but had not been conveyed to the masses.

He further said that the government has increased the taxes on luxury goods, not basic utilities.

He also appreciated the role of media in informing the people about the truth.

Also read: Opposition blasts PTI govt for dropping ‘petrol bomb’ in the dead of night

Earlier, the Oil and Gas Regulatory Authority notified petrol prices to remain the same till November 30.

OGRA, in its summary to the petroleum division, had requested for an increased revision of Rs 5 to 8, which was rejected by the PM.

The notification stated that after Prime Minister Imran Khan rejected the hike in petroleum prices reference. The premier briefed OGRA to forward the sales tax regulation matter to the cabinet.

However, OGRA suggested the petrol and diesel price increase of Rs5 which was briefly rejected by the premier office.

 


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