Govt, OMCs, dealers get Rs30.39 per litre on petrol, Rs34.10 on HSD

ISLAMABAD: The government, OMCs (oil marketing companies) and dealers are getting Rs30.39 per litre on price of petrol (Motor Spirit) which has risen to Rs118.09 per litre.

According to the new break-up of POL prices from July 16, in per litre petrol, the government is getting 5 percent customs duty, which is Rs8.45 per litre and GST of 10.8 percent, which is Rs11.48 per litre. However, at a one litre petrol price of Rs118.09, consumers pay Inland Freight Margin of Rs3.68 per litre, oil marketing companies (OMCs) margin Rs2.97 and dealers commission Rs3.91. However, in petrol’s new price, there is zero petroleum levy.

The consumers in the new price of high speed diesel that has risen to Rs116.53 per litre pay Rs34.10 per litre to the government, OMCs, dealers and in the head of Inland Freight Margin. The consumer pays 13 percent customs duty, which is at Rs8.11 per litre, 17 percent GST (Rs16.93 per litre) and petroleum development levy of Rs1.9 per litre. The consumers on HSD pay Rs3.30 per litre as dealers commission margin and Rs2.97 per litre as OMCs' margin and Rs0.89 per litre as inland margin. In the new price of HOBC, consumers pay Rs30 per litre to the government in the form of petroleum levy and 17 percent GST and Rs2.15 per litre as dealers’ commission. However, with the new price of kerosene oil that reached Rs87.14 per litre, the consumers pay Rs10.2 per litre to the government, OMCs and in the head of Inland Freight Margin.