IMF target: Government raises tax on diesel to Rs 35/litre.


ISLAMABAD: To meet the requirements of the International Monetary Fund (IMF), the central government has increased the diesel levy rate to 35 rupees/litre, ARY News reported on Monday citing a good news source.

The masses were once again relieved by falling fuel prices in the international market. This is because the government has increased the diesel tax to Rs 2.50 per litre, effective January 16, 2023.

meanwhile Profit Margins of Oil Marketing Companies (OMCs) Increased by Rs 1 on Oil the source said Fuel tax rate remains unchanged at Rs.50/litre.

under the IMF [International Monetary Fund] such an agreement The government seeks Rs 855 crore through taxation for petroleum development in the current fiscal year 2022-2023.

Read more: Gasoline, diesel prices remain unchanged until January 31

On Sunday, Finance Minister Ishaq Dar announced gasoline and diesel prices would remain unchanged for the remaining 15 days of January.

In a televised address, Dar said, “The government has decided to hold the price of petroleum products for another 15 days.”

The next price correction will be made on January 31, he added.

So petrol will be sold at Rs.214.80 per liter, high speed diesel at Rs.227.80 per liter, kerosene at Rs.171.01 per liter and light diesel at Rs.169 per liter.


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