Hong Kong is the most expensive petrol-selling country
The price of 1 liter of petrol is only 6 rupees, the list of the most expensive and cheapest petrol selling countries in the world has been released, Venezuela is the cheapest and Hong Kong is the most expensive petrol selling country. In Hum News report, a list of countries has been released in which the details of petrol prices in different countries have been given.
According to this report, Venezuela is the country that sells the cheapest petrol in the world, where the price of 1 liter of petrol is just Rs. 6 in Pakistani currency. Hong Kong is the country where the price of petrol is the highest compared to all the countries in the world. The price of petrol per liter in Hong Kong is Rs 852 in Pakistani currency.
After Hong Kong, Iceland sells the most expensive petrol, where the price of petrol is Rs 672 in Pakistani currency.
Pakistan's neighboring country India sells petrol at the price of Rs 336, while in Saudi Arabia the price of 1 liter of petrol is Rs 178. It should be noted here that the current price of petrol in Pakistan is 263 rupees per liter. According to a report, if all taxes are removed, the price of 1 liter of petrol in Pakistan will be less than 200 rupees. A Hum News report has revealed that the government deprived the public of major relief in the price of petroleum products.
The report claims that the government is currently extracting around Rs 86 per liter of petrol from the public's pockets in various taxes and margins, meaning the actual cost of petrol is less than Rs 200. Petrol is currently levied at 50 rupees per liter, OMC margin of 6 rupees, dealer margin of 7 rupees, and freight rate of 3.6 rupees. While customs duty from 18 to 22 rupees was also paid on petroleum products. It has been told that the price of petrol per liter is 240 rupees by adding all the taxes. After the global and local taxes, the public could get relief of 22 rupees which was not transferred. The government bought crude oil for up to 75 dollars per barrel, which means that after taking out the levy, margin, and customs duty, the price of petrol is 240 rupees per liter.
