Govt pocketed Rs 103 billion tax on petroleum merchandise in July-March interval

petroleum products
Authorities pocketed round Rs 103 billion tax in 9 months of economic 12 months 2015-16, in line with statistics, reported.

The determine is Rs 10 billion greater than the tax collected in July-March interval of 2014-15. Industries and locals with gasoline connections had been taxed at the very least Rs 24 billion the place Rs 93 billion was collected final 12 months.

Rs 60 billion had been acquired beneath Fuel Infrastructure Improvement Prices in July-March 2016-17 interval in comparison with final 12 months’s Rs 19 billion.

Financial specialists stated that the federal government acquired extra taxes from the folks in 2015-16 because of falling costs of crude in worldwide market then.