Clarification: No Petroleum Levy Review

News Desk

Islamabad: The Ministry of Energy’s Petroleum Division issued a Saturday clarification, debunking the attributed suggestion of Petroleum Levy review by the Energy Minister as factually incorrect.

The ministry, in a statement, said, “Apropos a recent news item being attributed to the Energy Minister that the petroleum levy needs to be reviewed; the Ministry of Energy would like to clarify that the Energy Minister never mentioned or implied that the petroleum levy should be reviewed.”

The statement further explained that the Minister only said that taxes on power and petroleum consumers are high because FBR’s tax collection through direct taxes is low in our country.