Petroleum Levy (PL) deposited by refineries on local products and by Oil Marketing Companies (OMCs) on import products for the year 2010-11 is Rs 66.05 billion. "The Petroleum Levy is collected at the stage of de-bonding of the petroleum products from local refineries and imports," Minister for Petroleum and Natural Resources Dr Asim Hussain Monday told the National Assembly in a written reply.
He said that National Refinery Ltd deposited Rs 5.3 billion, Pakistan Refinery Limited, Rs 4.252 billion, Attock Refinery Limited Rs 6.021 billion, Pak Arab Refinery Limited Rs 20.26 billion and Imports of OMCs is Rs 30.215 billion. However, the minister said that PL deposited by refineries and OMCs (irrespective of province wise) is ultimately realised from all consumers of the petroleum products in the country.
Similarly, the minister said that in 2009-10, National Refinery Ltd deposited Rs 7.987 billion, Pakistan Refinery Limited Rs 6.25 billion, Rs 9.422 billion Pak Arab Refinery Limited, Rs 16.33 billion and imports of OMCs are Rs 42.554 billion. He said that collection of PL on petroleum products is a source of revenue to Finance Division who is the authority for its utilisation.
In another reply, Dr Aism said that since 1st January, 2008 the price of petrol, diesel and kerosene have been increased 21, 24 and 21 times respectively. He said that increase in prices was mainly made on account of increase in international prices. He said that price of CNG has been increased 06 times since January 01, 2008.