No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
No Result
View All Result
No Result
View All Result

Decline of Rs10.30 per litre on petroleum products proposed by Ogra

News Desk by News Desk
December 15, 2021
in Featured, National
Reading Time: 1 min read
Petrol
Share on FacebookShare on Twitter

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has submitted the required paperwork to the Ministry of Finance, suggesting a decrease in petroleum prices by Rs10.30 per litre.

According to the calculation of Ogra, the prices of high-speed diesel can be reduced by Rs8.65 per litre and petrol by Rs10.30 per litre.

However, in its staff-level agreement with the International Monetary Fund (IMF), the government had decided to increase the petroleum development levy (PDL) by Rs4 per litre every month to take the overall increase to Rs.30 hoping to yield an additional revenue of Rs365 billion.

Currently, the general sales tax charged on petrol is Rs2.34 per litre and on diesel is Rs9.80 per litre. The deemed/customs duty on diesel is Rs10.45 per litre and Rs11.33 per litre on petrol. The petroleum levy on diesel is charged Rs13.15 per litre and Rs13.62 per litre on petrol.

A revenue of Rs27.30 per litre is generated through petrol and Rs33.38 per litre by high-speed diesel.

News Desk

News Desk

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Apple announces new updates for iOS 15.5
Latest News

Apple announces new updates for iOS 15.5

by News Desk
May 17, 2022
Possible names for federal cabinet members start to crop up
Featured

Coalition partners push PM Shehbaz to take unpopular economic measures

by News Desk
May 17, 2022
How to check benazir income support program
How-To Guides

How to check BISP Registration by CNIC 2022

by Web Desk
May 17, 2022
Dollar
Business

Dollar reaches Rs195.50 in interbank market

by News Desk
May 17, 2022
Blast near Memon masjid Kharadar; 11 injured, one dead
Featured

Blast near Memon masjid Kharadar; 11 injured, one dead

by News Desk
May 17, 2022

The Upcut is a news platform that brings you the latest news, developments from all walks of life, from all over the world. We cover Business, news from Pakistan and rest of the world, Sports, and Entertainment. You can also read Tech Reviews and How-To Guides for simple solutions and dailylife hacks.

BUSINESS   |   NATIONAL   |   WORLD   |   SPORTS   |   ENTERTAINMENT   |   TECH   |   HOW-TO GUIDES

  • Home
  • About Us
  • Privacy Policy
  • Editorial Guidelines
  • Contact Us
  • Stories

Copyright © 2022 The Upcut. All rights reserved.

No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories

Copyright © 2022 The Upcut. All rights reserved.