Islamabad :
An explanation has been given by the Finance Ministry on the rise in prices of petroleum products across the country. In this regard, a spokesperson of the Finance Ministry said that the government had waived its Rs 35 in levy and sales tax, otherwise the price would have been more than Rs 180 per liter. ۔
According to details, Finance Ministry spokesman Muzammil Aslam said that the government would collect 1.43 per cent sales tax instead of 17 per cent. If the full 17 per cent had been collected, the price of petrol would have been more than Rs 160.
In a statement released on social networking site Twitter, he said that if a further levy of Rs 30 had been levied, petrol would have been Rs 180 per liter but the government has given up Rs 35 per liter.
It may be recalled that the government has again increased the prices of petroleum products. From Friday, November 5, the prices of petroleum products have been increased again. The new price of petrol has been increased by Rs 8 to Rs 145.
According to the notification of the Ministry of Finance, the price of petrol has been increased by Rs 8.3 paise, the price of high speed diesel has been increased by Rs 8.14 paise, after which its new price has been increased to Rs 142.62 paise. The price of oil rose by Rs6.27 to Rs116.53.
The new price of light diesel oil has been increased by Rs 5 72 paise to Rs 114 7 paise. In this regard, the Ministry of Finance said that due to the decline in recovery, an increase in the prices of petroleum products was inevitable.
