Govt charges 39pc tax on a liter of petrol
KARACHI: The government is receiving a juggernaut of 39 percent tax on a liter of petrol that becomes Rs19.82/lit.
The government yesterday rocketed the petrol price by Rs6.10 to Rs71.21/lit.
In December 2009, the ex-factory price of petrol was Rs42.72/lit tagged with Rs4.42 as transportation charges, Rs2.36 as dealers’ commission and Rs1.89 as profit for the oil marketing company, totaling at Rs51.39/lit.
Besides, the government charges Rs10 as Petroleum Development Levy and 16 percent as Sales Tax amounting to Rs19.82/lit, which add up to Rs19.82/lit; it means that government is charging 38.57 percent on the per liter of petrol.
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.
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