Islamabad: The National Assembly Wednesday approved amendments in the budget for the fiscal year 2022-23 to impose a Rs 50 levy on petroleum products.

Under the Finance Bill, the government has changed the cap on the petroleum development levy (PDL) from Rs30 per litre to Rs50 per litre.

However, the government hinted about increasing PDL to Rs50 per litre gradually.

At present, there is zero petroleum levy on petroleum products.

On the other hand, Federal Finance and Revenue Minister, Miftah Ismail here on Wednesday clarified that the government has no intention to pass on the full amount of petroleum levy (Rs.50 per liter) as incorporated in the Finance Bill 2022-23 to the consumers. 

“The government has got the permission from you (the house) to impose up to Rs.50 per litter levy on petroleum products but there is no hope and intention to take the levy up to this figure”, he said while speaking in the National Assembly (NA). 

The Minister also informed the members of the house that at present there is zero petroleum levy on the petroleum products.

Islamabad: Pakistan has reported one death and 541 new COVID-19 cases during the last 24 hours, the highest since March 11 when it recorded 571 positive cases. 

According to the figures released by the National Institute of Health (NIH) on Wednesday, an uptick in new COVID-19 cases in Pakistan consistently continues as the country reported over 500 new daily cases for the first time in three months. 

Following the situation, the health ministry said that wearing mask has been made mandatory on all domestic flights, railways and public transport.  

The overall tally of the infected people climbed to 1,535,144 across Pakistan after adding the fresh cases.  

March 23 was the first day without any recorded deaths in Pakistan since the pandemic took hold in 2020. Official death figures are typically lower at weekends and holidays because of a lag in reporting.  

The health authorities have advised the people to restart following COVID related Standard Operating Procedures (SOPs) such as wearing face masks, sanitizing hands, and maintaining social distance.

Islamabad: Federal Finance and Revenue Minister, Miftah Ismail here on Wednesday clarified that the government has no intention to pass on the full amount of petroleum levy (Rs.50 per liter) as incorporated in the Finance Bill 2022-23 to the consumers. 

“The government has got the permission from you (the house) to impose up to Rs.50 per litter levy on petroleum products but there is no hope and intention to take the levy up to this figure”, he said while speaking in the National Assembly (NA). 

The Minister also informed the members of the house that at present there is zero petroleum levy on the petroleum products.