Government collecting Rs60 levy on one litre of petrol.
The Ministry of Finance has collected additional Rs76 billion in revenue under the head of petroleum development levy (PDL) during the first half of the current fiscal year 2024-25, which is 16 percent more as compared to the amount collected during the same period of the previous fiscal year, reported The Asian Mirror on Monday.
A report issued by the Ministry of Finance showed that the incumbent government is collecting R60 as a petroleum development levy on one litre of petrol or diesel.
The government collected Rs 549 billion under the head of petroleum development levy during the current fiscal year, while Rs 473 billion were collected during the same period of the previous fiscal year.
Experts said that the government enhanced the petroleum development levy from Rs 10 to Rs 79 in the budget.
They further revealed that the government has still not imposed a Rs 10 petroleum development levy on consumers.
The experts stated that the petroleum development levy is a big source for the government to collect non-tax revenue.
