Govt to earn 43pc per liter from new petroleum prices
Posted on June 30, 2009
ISLAMABAD: The government will receive approximately 43 percent per litre profit after the enforcement of new petroleum prices, Geo News reported Tuesday. According to Dr. Asim Hussain, Advisor to Prime Minster on Petroleum and Natural Resources, the petrol per liter price has been proposed to rise by 10.55 percent and diesel price to rise 12.5 percent per liter. Dr Asim said if the government decides as it was recommended, then the petroleum price would rise to Rs62.13 per liter, diesel Rs62.65 per liter with an addition of Rs6.90. After the enforcement of new petrol price, its ex-refinery price will be Rs36.59 per liter with Rs10/lit fixed carbon tax, Rs3.37 under head of intra-country transportation, Rs2/lit commission of dealers, Rs1.60/lit commission for oil marketing companies and Rs8.57/lit General Sales Tax (GST) would be charged at the rate of 16 percent. After the enforcement of new prices, per liter petrol price including all expenses would be Rs43.56 and the government taxes applicable on it would be Rs18.57/lit, which is 43 percent of the petrol price.
