Advisor to the Finance Minister Khurram Shahzad has said that the recent increase in diesel and petrol prices in Pakistan is significantly lower than the global average.
In a statement issued today, Khurram Shahzad said that while there was an increase of 27 to 71 percent in many countries, the increase in Pakistan is between 22 to 24 percent.
Shahzad also pointed out that the current retail tax on petroleum products in Pakistan is 25 percent, which he said is lower than the regional average of 35 percent.
Furthermore, he confirmed that currently no sales tax is being levied on petrol or diesel.