Islamabad (Lord Media): A significant tax evasion by oil marketing companies during the Iran-U.S. conflict has been uncovered in a Senate Standing Committee on Cabinet Secretariat meeting. Customs officials revealed that an audit has been ordered, and the Federal Board of Revenue (FBR) has decided to investigate two oil marketing companies for selling petroleum products without paying duties.<\/p>\n
The Senate committee meeting, chaired by Senator Rana Mahmood-ul-Hassan, was held in the Establishment Division’s committee room. The meeting approved the Civil Servant Amendment Bill 2026 and proposed referring the issue of officers on deputation to the federal cabinet.<\/p>\n
Customs officials reported that during the conflict, fluctuations in levy rates allowed oil companies to sell products through dealers and pay duties later. Officials stated that transporting goods without paying duties is a legal violation.<\/p>\n
Additionally, it was reported that the new price of kerosene oil has reached 231.14 rupees per liter, while levies and taxes of 118.76 rupees per liter on petrol and 110.65 rupees per liter on high-speed diesel are being collected.<\/p>\n","protected":false},"excerpt":{"rendered":"
Oil companies face tax evasion probe as Senate committee uncovers duty-free sales during Iran-U.S. conflict.<\/p>\n","protected":false},"author":1,"featured_media":76936,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[619,2149,1843,2150],"ppma_author":[94],"class_list":["post-76935","post","type-post","status-publish","format-standard","has-post-thumbnail","category-uncategorized","tag-fbr","tag-oil-companies","tag-senate-committee","tag-tax-evasion"],"yoast_head":"\n