ISLAMABAD: Minister for Planning and Development Asad Umar on Friday said the Pakistan Tehreek e Insaf government was charging only 16.4% taxes on petrol, which was about 33% less than in the time of Pakistan Muslim League-N (PML-N) when the tax rate was as high as 52%.

About recent taxes on petrol , he said the current Petroleum Development Levy was 5.62 rupees and sales tax was 11.76 rupees and total tax was 17.38 rupees per liter of petrol.

He said the base price of one liter petrol was 105.92 rupees and the total price was 123.3 rupees, 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%”.

On September 15, the federal government had decided to increase the existing prices of petroleum products with the increase in the world market.

According to a notification issued by the Finance Division, the price of petrol had been increased by rupees five per liter so the new price is 123.30 rupees per liter, High Speed Diesel increased by 5.01 rupees so the new price is rupees 120.04 per liter.

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The price of Kerosene Oil had been increased by 5.46 rupees per liter so the new price is 92.26 rupees per liter, whereas Light Diesel Oil price had been increased by 5.92 rupees per liter so the new price is 90.69 rupees.

Meanwhile, Minister for Information and Broadcasting Chaudhary Fawad Hussain had said oil prices in Pakistan were still the lowest in the region.

“The country imports oil, hence, its prices will go up when these increase in the world market,” he had said in his tweets. “This is the principle for the rest of imports,” he had maintained.

He had said the real achievement was that the income of 75 percent of our population had also increased significantly.

Chaudhary Fawad Hussain had said our purchasing power was better than that of India.