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“Pakistan’s lowest oil price in the region” | Instant News


ISLAMABAD:

The Federal Minister for Energy, Oil and Natural Resources Omar Ayub told the Senate on Friday that the federal government collected a tax of Rs47.86 per liter for gasoline and Rs51.41 per liter in diesel.

The answer came after Senator Mushtaq Ahmed’s question about why the government collected taxes 100% higher than the purchase price of gasoline.

The minister said that Prime Minister Imran Khan actually provided assistance to the people because oil prices in the region are currently the lowest in Pakistan. Only 17% of taxes are imposed on petroleum products, he said.

“In terms of supply, taxes are collected at Rs9.70 per liter, Rs47.86 per liter in gasoline and Rs51.41 per liter in diesel,” the federal minister said. “If the government does not collect taxes, who will pay for the Senate lamps and the salaries of its members?” Minister quips.

Meanwhile, responding to other questions during the National Assembly session, Minister of Job said that Kekra-1 began as a joint venture by ExxonMobil, OGDCL and PPL.

More than Rs122 million was spent digging wells, he said, adding that the government did not spend money on this project.

“The well was dug at 5,693 meters but the search was unsuccessful,” he said. “Excavation of these wells revealed that there was no oil and gas pressure, but rather a reservoir of water.”

On June 26, the government raised the price of gasoline by Rs25.58 per liter to Rs100.10 per liter, while the price of high speed diesel was raised by Rs21.31 per liter to Rs101.46 per liter.

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