Govt probable to abolish deemed duty on diesel.

• Position: Pakistan Oil Refining and Marketing Policy 2019

The government is likely to scrap deemed duty on the sale of high-speed diesel and introduce refinery margins for oil refineries in the new proposed Pakistan Oil Refining and Marketing Policy 2019.

The government is working on the new policy under which some changes are being proposed in arrangements for the refineries.

At present, the oil refineries are collecting deemed duty on the sale of high-speed diesel (HSD) to consumers. The duty was introduced in 2002 when the refineries were asked to upgrade their plants by utilising the collection. However, the refineries are still unable to...