Govt charging 16.4% taxes on petrol against 52% in previous govt: Asad Umar

Petrol prices likely to spike again
Petrol prices likely to spike again

Minister for Planning, Development and Special Initiatives Asad Umar has said the government was charging only 16.4% taxes on petrol which was around 33% less than the time of Pakistan Muslim League (N) government when the tax rate was as high as 52%.
“The current Petroleum Development Levy (PDL) is Rs 5.62 and sales tax is Rs 11.76 and total tax is Rs 17.38 per liter of petrol,” the minister said in a tweet.
He said the base price of one liter petrol was Rs 105.92 and the total price was Rs 123.3, hence the taxation rate per liter was 16.4%, “which is less by one third of the time of Pakistan Muslim League (N) government when tax was 52%”.
Asad Umar was responding to a tweet by the Pakistan People’s Party leader Murtaza Wahab Siddiqui who referred Asad Umar’s tweet written in February 2016 when he had said “petrol price without taxes is Rs.46.8 and taxes (PDL+GST) on it are Rs.24.5 so the total tax on petrol is now equal to 52%”.
Addressing the Planning Minister in his tweet, Murtaza Wahab said “Can u please do the same mathematics now?”
After presenting the details of taxation on petrol, the minister asked Wahab “anything else do you want to ask?”


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