Imran Khan Govt adjusted Rs24 per Litre Fuel Price without Additional Taxes, Current Government Forced to Absorb Rs23 Billion Gap: KP Finance Minister Muzzammil Aslam

Finance Minister Khyber Pakhtunkhwa Muzzammil Aslam reacted to what he described as the “halal and haram adjustment” in petroleum products and said that during the tenure of Imran Khan, when oil prices reached $120 doller per barrel, a Rs24 per litre adjustment was made, which was managed without imposing additional taxes on consumers. At that time, he said, the media and opposition termed the move “haram” and against the International Monetary Fund program.
Muzzammil Aslam said the government today is facing almost the same situation in petroleum products and has been forced to cover a Rs23 billion gap, which amounts to Rs75 per litre on diesel and Rs50 per litre on petrol. However, he added that today the media and the government will call it a “halal adjustment.”
The KP finance minister further said that Imran Khan had reduced the petroleum levy and sales tax on petroleum products to zero, whereas the current government is charging Rs105 per litre levy on petrol and Rs55 per litre on diesel.
He added that, on the other hand, oil marketing companies (OMCs) and refineries have hit a jackpot due to existing oil stocks, and their profits have exceeded Rs100 billion.
Aslam also said that the price of kerosene oil has been increased by another Rs39 per litre, taking it to Rs358 per litre, while within a week the price of kerosene has nearly doubled with an increase of about Rs170 per litre.
He said kerosene oil is mostly used by the poor, yet its price has been raised even higher than petrol and diesel, adding that such a massive increase in kerosene prices has been witnessed for the first time in Pakistan’s history.