Federal govt reduces levy on petrol to zero: Farrukh Habib


ISLAMABAD: (Raja Furqan Ahmed) :  Minister of State for Information and Broadcasting Farrukh Habib has said the federal government had reduced the petroleum levy on petrol to zero to lessen the burden of rising global prices of the commodity on consumers. In a tweet, he said the government had brought down sales tax on petrol from Rs 15.9 to Rs 11.5, reducing Rs 4.4 per litre on the commodity. He said the incumbent government was facing a loss in its revenue collection by reducing taxes on petrol. On the contrary, he said former finance minister during the tenure of Pakistan Muslim League -Nawaz, Ishaq Dar had used to impose the burden of global prices of petroleum products directly on the consumers. Farrukh said the Pakistan Muslim League Nawaz (PML-N) during its tenure had never reduced or cut petroleum levy or sale tax on petroleum products.