*The Ministry of Energy has clarified that any suggestion of a review of the petroleum levy attributed to the energy minister was ‘factually incorrect’.

In a statement on Saturday, the ministry said: “Apropos a recent news item being attributed to the Energy Minister that 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 added that the minister only said that taxes on power and petroleum consumers were high because FBR’s tax collection through direct taxes is low in our country.

“The statement regarding review of petroleum levy attributed to the energy minister is therefore factually incorrect,” it said.