The federal government has granted itself the power to increase the levy of oil at its discretion through a presidential order, effectively eliminating any higher limit previously imposed on the tax.
Previously, the oil development withdrawal (PDL) had a maximum ceiling of Rs 60 per liter, which was then increased to Rs 70 per liter.
However, following the issuance of the presidential order, there is now no ceiling on the amount of levy.
According to details, Tuesday, a presidential order was issued to abolish the fifth appendix, which had governed the limits of the oil tax.
The repealed schedule, the government is no longer linked by any restriction and can now impose the levy it chooses.
Sources said that within the framework of the fifth annex now abolished, the government was legally limited to a ceiling of Rs 70 per liter, but this condition no longer applies.
Despite a decrease in world oil prices, the government has chosen not to achieve advantages to the public. Instead, he increased the deduction of oil via the prescription.
Under the new prescription:
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The fuel levy was increased by Rs 8.02 per liter, which allowed Rs 78.02 of Rs per liter.
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Diesel sample was increased by Rs 7.01 per liter, which brought the total to Rs 77.01 per liter.
Despite these increases, the Ministry of Finance has published a notification indicating that oil prices will remain unchanged for the next 15 days.
Earlier, the federal government decided not to reduce internal oil rates, rather choosing to allocate savings to the main infrastructure and development projects in Balutchistan, according to a statement published Tuesday by the Prime Minister’s office (PMO).
Prime Minister Shehbaz Sharif, at a federal office meeting, announced that the funds saved in the world’s decrease in oil prices would be used to darken strategic highway N -25 – the shaman – Quetta – Kalat – Khuzdar – Karachi route.
