Tag: dealers

  • Yamaha passes sales tax burden to customers: YBR 125G price increased to Rs353,000

    Yamaha passes sales tax burden to customers: YBR 125G price increased to Rs353,000

    Yamaha has recently announced its first price increase of 2023, affecting all of its motorcycles. The latest announcement marks the second increase in prices since December, with the highest increase being up to Rs3,500.

    Despite this, Yamaha has implemented the smallest price increases compared to its competitors and has only raised its bike prices once this year.

    In contrast, Yamaha increased its bike prices seven times last year. Due to the persistent economic issues in Pakistan, dealers and industry experts are anticipating further price hikes this year.

    According to recent data, a significant proportion of bike manufacturing has been localised in Pakistan. As such, there appears to be little justification for motorcycle manufacturers to frequently and substantially increase their prices.

    Variant Old Price (Rs) New Price (Rs) Increase (Rs)
    YB 125Z 305,500 308,500 3,000
    YB 125Z DX 327,000 330,500 3,500
    YBR 125 336,000 339,500 3,500
    YBR 125G 349,500 353,000 3,500
    YBR 125G (Matte Gray) 352,500 356,000 3,500
  • Govt increases petroleum levy by Rs14.84 to Rs47.26

    Govt increases petroleum levy by Rs14.84 to Rs47.26

    The government has increased the Petroleum Levy (PL) on petrol by Rs14.84 to Rs47.26 per litre, while decreasing it on diesel, with immediate effect from October 16, 2022, maintaining the prices at Rs224.80 and Rs235.30 per litre, respectively. From October 1, 2022, the PL for petrol was Rs32.42.

    The rise in the petroleum levy on Mogas was enforced in response to the IMF’s concerns after the finance ministry lowered the levy on petrol by Rs5 to Rs32.42 per litre on October 1, 2022, from Rs37.42.

    According to Geo, Pakistan has to raise Rs850 billion in income during the current fiscal year by increasing the Petroleum Levy to Rs50 per litre on petrol and diesel.

    However, it has lowered the diesel levy by Rs5.44 to Rs7.14 per litre beginning October 16, 2022. From October 1, 2022, the petroleum levy on diesel was Rs12.58 per litre.

    Currently, the petroleum duty on HOBC is Rs30 per litre, kerosene oil is Rs8.90 per litre, light diesel oil is Rs1.59, and E-10 gasoline is Rs23.21 per litre.

    The inland freight equalisation margin (IFEM) on gasoline was cut by Re0.52 to Rs2 per litre from Rs2.53.

    The district margin, which includes the extra margin on petrol, is Rs3.68 per litre, while the dealer margin is Rs7 per litre.

    IFEM on diesel has risen by Re0.07 per litre to Rs1.83 from Rs1.76 per litre. The dealer margin on diesel is similarly Rs7 per litre, while the district margin, including extra margin, is Rs3.68 per litre.