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Asad Umar responds to Brother Zubair’s tweet about POL taxes

Asad Umar responds to Brother Zubair’s tweet about POL taxes

KARACHI: Finance Minister Asad Umar responded on Saturday to his brother and former governor of Sindh, Mohammad Zubair, in his tweet demanding a reduction in taxes on petroleum products.

“I’m sure one of his first acts would be [to reduce] the gas taxes he had been demanding while in the opposition,” Zubair said on August 7 with a screenshot of the February 2016 tweet from the minister of finance. finance.

In response to the leader of PML-N, Asad Umar tweeted: “The incidence of gas tax at current prices today is 23.6%, less than half the tax rate of 52% that I had criticized. The government of PML-N had Rs.300 billion as a gasoline tax in the budget for this year, waiting for my strategy to be presented to the parliament and you will see the difference. ”

Zubair, who was a key member of PML-N’s economic team before being appointed governor of Sindh, has energetically criticized Pakistan’s Tehreek-e-Insaf policies.

The government lowered the prices of oil products on Friday, which will come into force as of today and will remain in force until September 30 at midnight.

The diesel produced Rs6.37 per liter, gasoline Rs2.41 per liter and kerosene Rs0.46 per liter, while the price of Light Diesel Oil (LDO) increased by Rs0.59 per liter. The reduction has been made on the recommendation of the Oil and Gas Regulatory Authority (Ogra).

In percentage terms, the price of diesel has been reduced by 5.6%, gasoline by 2.5% and kerosene by 0.55%, while the price of LDO has increased by 0.78 %. With the reduction, diesel, which is widely used in the transport and agriculture sector, will now be sold at Rs106.57 per liter from Rs112.94, petrol from Rs95.24 per liter to Rs92.83 per liter and kerosene from Rs83.96 to Rs83.50 per liter.

Kerosene is used for cooking, especially in remote areas where LPG or pipeline gas is not available. However, the price of LDO has increased from Rs75.37 to Rs75.96 / liter. This fuel is used mainly for industrial purposes.

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