Taxes on petroleum products: SC seeks reply from ministries

News Image

MG News | May 09, 2018 at 08:53 PM GMT+05:00

0:00

ISLAMABAD, May 09: The Supreme Court sought written replies from the ministries of petroleum and finance, and authorities concerned regarding taxes imposed on petroleum products.

A three-member bench chaired by Chief Justice Mian Saqib Nisar heard the suo moto case regarding taxes levied by the government on the petroleum products.

During the course of proceedings, the chief justice observed that the government had been collecting 25% taxes from the consumers on the petroleum products.

"When price of petrol reduces in international market the government in our country imposes sales taxes so that the people cannot take benefit of it," he remarked.

The case was adjourned for a week.(APP)

Related News

Name Price/Vol %Chg/NChg
KSE100 186,518.72
569.86M
0.79%
1456.61
ALLSHR 111,118.66
1,316.08M
0.80%
877.22
KSE30 57,477.09
258.39M
0.70%
397.05
KMI30 263,795.54
229.75M
1.19%
3094.40
KMIALLSHR 71,351.41
638.92M
0.97%
686.81
BKTi 54,665.11
85.30M
0.33%
179.56
OGTi 36,323.86
37.76M
1.28%
460.39
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 91,790.00 94,190.00
91,170.00
-1005.00
-1.08%
BRENT CRUDE 59.90 60.93
59.84
-0.80
-1.32%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
-0.45
-0.52%
ROTTERDAM COAL MONTHLY 98.90 99.40
97.85
0.25
0.25%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 55.94 57.17
55.76
-1.19
-2.08%
SUGAR #11 WORLD 15.02 15.04
14.69
0.26
1.76%

Chart of the Day


Latest News
January 07, 2026 at 06:37 PM GMT+05:00

BYD leads global NEV sales in 2025


January 07, 2026 at 06:00 PM GMT+05:00

Pakistan moves to formalize U.S. Pakistan Business Alliance


January 07, 2026 at 05:24 PM GMT+05:00

Govt prioritizes privatization of loss making SOEs


January 07, 2026 at 04:57 PM GMT+05:00

PKR remains flat against USD


January 07, 2026 at 04:48 PM GMT+05:00

PSX Closing Bell: Rise Up



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg