Karachi, Feb 1 (Inditop.com) The Pakistani government taxes petrol at a whopping 39 percent, earning Rs.19.82 for every litre sold. On Sunday, it jacked up the petrol price by Rs.6.10 to take it to Rs.71.21 per litre.
The ex-refinery price of petrol is Rs.42.72 per litre, to which is added Rs.4.42 as transportation charges, Rs.2.36 as dealers’ commission and Rs.1.89 as profit for the oil marketing company, for a total of Rs.51.39 per litre.
Besides this, the government charges Rs.10 as a petroleum development levy and Rs.9.82 as sales tax. This adds up to 38.57 percent or Rs.19.82 per litre, Geo TV reported Monday.
“Experts said the government can slash its taxes to impart relief to the people at large and the business community, which will be instrumental in affording relief to the common man and it will help control the inflation rate as well,” it added.
Pakistan imports 80 percent of its crude oil requirements at an estimated cost of $6.5 billion.