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The Pakistani federal government has opted to maintain current petroleum product prices. However, they’ve implemented a 10 rupee increase in the petroleum levy on petrol and diesel. This decision means consumers won’t see a price change at the pump, but the government will collect more revenue through the increased levy.
According to a notification from the Ministry of Finance, the levy on both petrol and diesel is now 70 rupees per liter, up from 60. A 50 rupee per liter levy has also been placed on high-octane fuel. The government anticipates generating 50 billion rupees in revenue within 16 days due to these changes.
The additional revenue collected from the increased levy is earmarked for providing relief on electricity bills. This measure aims to offset some of the financial burden faced by consumers due to high energy costs. The increased levy went into effect immediately.
Oil prices in the global market have been trading below $80 per barrel since October 2024. However, in December 2024, for the first time since October, the price of crude oil in the global market crossed the $80 per barrel mark. According to the report, after October, the price of British crude oil in the global market reached $81.56 per barrel and the price of US crude oil reached $79.65 per barrel.
However, the price of high-speed diesel has been reduced by Rs. 3.50 per liter. You will pay less for high-speed diesel when you fill up your vehicle. The price of light diesel has also been reduced by Rs. 2.78 per liter. So, you will pay less for light diesel as well.
The price of kerosene oil has been reduced by Rs. 3.32 per liter. This means that the cost of kerosene oil will be lower. These new prices will come into effect from tonight at midnight.
Fuel TypePrice per Liter (PKR)
Petrol252.10
High-Speed Diesel255.38
Light Diesel148.95Kerosene Oil161.66
1. Will the price of petrol change in the next 15 days?
- No, the petrol price will remain the same for the next 15 days.
2. Has the price of diesel changed?
- Yes, the price of both high-speed diesel and light diesel has decreased.
3. When do these new prices come into effect?
- The new prices will be effective from tonight at midnight.
4. What about the price of kerosene oil?
- The price of kerosene oil has also been reduced.
Fahad Munir is a seasoned journalist and editor at Awam PK, specializing in sharing accurate and timely news, job updates, and educational information to the Pakistani audience.
