Pakistan fuel prices still include 29% tax on both petrol and diesel despite the government’s latest rate cut, Petroleum Division sources said.
The government on Saturday reduced petrol by Rs74.28 per litre and diesel by Rs67.31 per litre. The new prices were set at Rs299.50 and Rs311.47 per litre, respectively.
According to Petroleum Division sources, petrol costs Rs 88.07 per litre after taxes. The amount includes Rs19.32 in customs duty, Rs66.25 in petroleum levy and Rs2.50 in climate support levy.
Read: Pakistan Petroleum Levy Cut On Petrol, Raised On Diesel
Diesel also carries a 29% tax share, with total taxes at Rs 91.15 per litre. The component includes Rs15.68 in customs duty, Rs72.97 in the levy, and Rs2.50 in the climate support levy.
The government usually reviews petroleum prices fortnightly. However, it has reviewed prices weekly since the US-Israeli conflict with Iran began on February 28.
