Govt taking lowest tax on petroleum products: Habib

Says petrol prices are on the rise across globe

ISLAMABAD:

Minister of State for Information and Broadcasting Farrukh Habib on Friday said that the government was taking 13-year lowest tax on petroleum products to facilitate masses at max level.

Pakistan had the lowest prices of petrol and diesel because the government had reduced its taxes and levy, he said while talking to a private news channel.

The state minister said the entire world witnessed a price hike in petroleum products and as soon as supply gets better at the international level, the petroleum prices would definitely be reduced.

He said the incumbent government took a timely decision of importing sugar so that the sugar crisis could be avoided in the country, he said, adding that on the other hand, the Punjab government’s prompt action of farmers' payments within 15 days ensured record production of sugarcane.

Read Petrol price hike fuels Opp-govt rancour

The government fixed the price of sugar but later it was challenged in the court, he said. “The government of the Pakistan Muslim League-Nawaz had artificially maintained the dollar exchange rate which caused a huge economic loss just because of their personal interest.”

He said the devaluation in Turkish, German and Indian currency was also seen. “Above all the government achieved its targets in major sectors.”