Proportions of taxes, duties and levies hiked in price of petroleum products

Lahore: The proportions of taxes, duties and levies have been hiked in the overall price of petroleum products on Sunday.

According to the local media sources, Rs31.57 worth taxes, duties, margin and levies have been imposed on per litre petrol, while the government is receiving taxes, duties, margin and levy amounting to Rs31.50 on per litre diesel.

The sources also informed that the ex-refinery price of petrol is Rs116.26 per litre. And for people, the petrol price is Rs147.83 per litre. It also revealed that the ex-refinery price of high speed diesel is Rs113.12 per litre, while people are buying it for Rs144.62 per litre. 

The sources further stated that the government is receiving on per litre petrol Rs4.90 under the head of dealers’ margin from the consumers while the distributor margin on per litre petrol is Rs3.68 and government is charging Inland Freight Equalization Margin (IFEM) amounting to Rs4.21 per litre petrol. 

As per sources, the government has imposed levy amounting to Rs17.62 and sales tax amounting to Rs1.16 on per litre petrol. It also revealed that the dealers’ margin on per litre high speed diesel is Rs4.13 while distributer margin is Rs3.68 and IFEM is Rs2.12. 

The local media sources further informed that a levy totaling Rs17.13 and sales tax amounting to Rs4.44 on per litre high speed diesel have been imposed.