Govt to collect approx Rs75bn in July from POL consumers.
ISLAMABAD -- The government is expected to collect approximately Rs75 billion on account of different taxes, levy, duty etc from consumers of petroleum products in July, Pakistan Today has learnt.
Informed sources said that following a record increase in the per litre price of petroleum products (POL), the government will collect around Rs45bn under petroleum levy and Rs25bn on account of GST in July. They added that the government has set Rs450bn collection target under the head of petroleum levy for the next financial year, while Rs5bn will be collected under regulatory duty from POL consumers.
Sharing details of taxes, levy, duty etc included in the per litre price of POL products, the sources further said that the government has been collecting Rs47 on each litre of petrol, Rs30 per litre under petroleum levy, GST of Rs 14.55/litre, and Rs 2.44/litre customs duty. Similarly, the government has been collecting Rs51 on each litre of high speed diesel, Rs30/litre petroleum levy, GST of Rs 14.74/litre and customs duty of Rs6.20/litre.
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