Hinting at a significant increase in levy on petroleum products from the current PKR 4-5 per litre on petrol and diesel to around PKR 20 per litre in FY22, Finance Minister Shaukat Tarin has said that an understanding has been reached with Saudi Arabia for revival of its oil facility on deferred payments. The govt. might have to increase the levy to achieve its petroleum levy target of PKR 610Bn for FY22.
14/6/2021