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  • . Ministry of Energy (Petroleum Division)

Tag: . Ministry of Energy (Petroleum Division)

The federal government declared that the prices of petrol and diesel will not change until April 30, 2025, despite a recent decrease.
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  • Web Desk
  • Nov 26, 2024
Petroleum Ministry takes notice of fuel supply disruptions

Ministry of Petroleum has directed the Oil Marketing Companies (OMCs) to ensure smooth supply of petroleum products.

The government issued a notification abolishing the 0.5 per cent advanced withholding tax imposed on petrol pumps from July 1, as outlined in the Finance Bill 2024.
  • Web Desk
  • Jul 06, 2024
Government abolishes advance income tax on petrol pumps

Petrol pumps were previously subject to a 12.5 per cent withholding tax on their margins. The recent decision to eliminate the advanced income tax was aimed at simplifying the tax structure for petrol pump operators.

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