ISLAMABAD – A report pertaining to the taxes on petroleum products wassubmitted in Supreme Court on Tuesday.
The report reveals that Rs33 per litre tax is received on petrol and Rs46on diesel. The import price of petrol is Rs61.87 whereas that if diesel isRs67.
The custom duty applied on petrol is Rs3.15 while the General Sales Tax(GST) is Rs10.20.
The report maintains that the levy on petrol in Rs10, oil company marginRs2.64, dealer margin Rs3.47 and inland freight margin Rs3.91.
It adds that the import price of diesel is Rs67, custom duty Rs8.89, levyRs8, oil marketing company margin Rs2.64, dealer margin Rs2.93, GST Rs21.86and inland freight margin Rs1.55.
A three-member bench of Supreme Court (SC) headed by CJP Mian Saqib Nisaris hearing the suo motu notice case against the undue taxes on petroleumproducts.