A new analysis based on official government data has revealed that Pakistani consumers are paying nearly Rs145 per litre in taxes and levies on petrol prices. According to a report by Dubai-based consultancy Mountain Ventures, which reviewed figures from the Oil and Gas Regulatory Authority and Pakistan’s Ministry of Energy, petrol buyers are currently paying […]
fuel taxes
Petroleum levy collections cross Rs1.2 trillion in nine months
Documents presented in the National Assembly revealed that the government collected more than Rs1.2 trillion from consumers through petroleum levy during the first nine months of the current fiscal year. The figures highlighted the growing financial burden on fuel consumers as authorities continued relying heavily on petroleum-related charges to support revenue collection and manage fiscal […]
France halts fuel tax hikes in bid to calm fiery protests
The French government announced Tuesday that it would suspend planned increases in fuel taxes for six months in a bid to quell fierce protests that have ballooned into the deepest crisis of Emmanuel Macron’s presidency. The concession was one of several made by Prime Minister Edouard Philippe in a rare televised address, after the country […]