July 16, 2021
ISLAMABAD: The government, OMCs (oil marketing companies) and dealers are getting Rs30.39 per litre on price of petrol (Motor Spirit) which has risen to Rs118.09 per litre.
According to the new break-up of POL prices from July 16, in per litre petrol, the government is getting 5 percent customs duty, which is Rs8.45 per litre and GST of 10.8 percent, which is Rs11.48 per litre.
However, at a one litre petrol price of Rs118.09, consumers pay Inland Freight Margin of Rs3.68 per litre, oil marketing companies (OMCs) margin Rs2.97 and dealers commission Rs3.91. However, in petrol’s new price, there is zero petroleum levy.
July 16, 2021
ISLAMABAD: Owing to the increasing crude oil prices in the international market, the government Thursday raised the petrol price by Rs5.40 per litre and that of high-speed diesel (HSD) by Rs2.54 per litre for the next fortnight.
Similarly, the prices of kerosene and light-diesel oil (LDO) have also been increased by Rs1.39 and Rs1.27 per litre respectively.
With the increase, the petrol will now sell at Rs118.09 per litre, diesel at Rs116.53, kerosene at Rs87.14 and LDO at Rs84.67. The new prices will be effective from Friday (today) to the end of the month.
A statement released by the finance ministry said the government had been providing maximum relief to the consumers by reducing the prices of petroleum products since April 2021.
Maximum relief for people! Petrol up by Rs5 4 a litre thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
By News report
ISLAMABAD: Owing to the increasing crude oil prices in the international market, the government Thursday raised the petrol price by Rs5.40 per litre and that of high-speed diesel (HSD) by Rs2.54 per litre for the next fortnight.
Similarly, the prices of kerosene and light-diesel oil (LDO) have also been increased by Rs1.39 and Rs1.27 per litre respectively.
With the increase, the petrol will now sell at Rs118.09 per litre, diesel at Rs116.53, kerosene at Rs87.14 and LDO at Rs84.67. The new prices will be effective from Friday (today) to the end of the month.
A statement released by the finance ministry said the government had been providing maximum relief to the consumers by reducing the prices of petroleum products since April 2021. It said although the international oil prices had been on the rise, the government took the decision not to pass the entire burden of increase on to the consumers. The rate of sales tax and petroleum levy have been adjusted in a manner
PTI regime has set another record related to petrol prices: Shehbaz Sharif dunyanews.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dunyanews.tv Daily Mail and Mail on Sunday newspapers.