The federal government has deprived the citizens of the relief in thepetrol price by not passing the slump in global rates to the users, insteadusing it to increase the levy on petrol by Rs2.74 to Rs50 per litre.
It is to be noted here that the federal government has the power to levy amaximum of Rs50 levy on petrol.
Besides, the levy on high speed diesel has also been increased by Rs5.45 toRs12.59 per litre.
The sales tax rate on petrol will remain zero.
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It merits a mention here that if the levy was not increased, relief in thepetrol price could have been passed on to the people.
The new rate of levy on petrol has been implemented from today.
