ISLAMABAD: The government on Wednesday decided to reduce the prices of petroleum products for next fortnight considering the fall in international oil prices.
The government has not passed on the all the benefit of fall in international oil prices as it enhanced sales tax rates. However, the government kept the petroleum levy unchanged. The prices are applicable from December 16, 2021.
Price on petrol cut by Rs 5 to Rs 140.82/ltr
Price on diesel cut by Rs 5 to Rs 137.62/ltr
Petroleum levy on petrol and diesel remained unchanged at Rs 13.62 and Rs 13.14.
Sales tax on petrol raised from 1.63 per cent to 4.77 per cent. Ssles tax on diesel raises from 7.37 per cent to 9.08 per cent
