We got approval from IMF that sales tax on oil prices will remain zero, petroleum levy was also reduced to zero in 3 and a half years, revealed economist Muzamil Aslam.
According to Muzamil Aslam, the tax on petroleum products was zero during the PTI era, now Rs.100 per liter of oil is going into the government's pocket. , also reduced the petroleum levy to zero in 3 and a half years. According to the details, a big disclosure has been made by the well-known economist and ex-spokesman of the Ministry of Finance Muzamil Aslam regarding the taxes imposed on petroleum products.
Talking to ARY News, Muzamil Aslam revealed that at present, taxes of Rs. 100 are being collected by the government on one liter of oil. He said that the sales tax on the prices of petroleum products had been reduced to zero by PTI.
Miftah Ismail was the first to introduce Rs 30 PDL after the departure of PTI. Muzmal Aslam said that we had approved from the IMF that the sales tax on oil prices will remain zero.
Due to the appreciation of the rupee, oil prices have increased. The economist said that oil prices in the world market are around 93 dollars per barrel. During the PTI era, oil prices remained above $100 in the global market. Now, in the price of oil, Rs 100 per liter is going into the government's pocket, he said that PDL was increased to Rs 50 last year to meet the tax target, but the tax target was not achieved.
The government took the PDL to Rs 60 due to lack of tax collection. Even now, the tax target is being achieved through oil prices. It should be noted that the caretaker federal government had announced the largest increase in the price of petrol in the country's history on September 15. With an increase of Rs 26, the price of petrol per liter in the country reached the highest level of Rs 332, while the price of diesel was fixed at Rs 329 with an increase of Rs 17.