Pakistan raises fuel levy, holds petrol, diesel prices

The government of Pakistan has increased the petroleum levy on petrol and high-speed diesel while keeping retail prices for both fuels unchanged for consumers. The decision, announced on Friday, June 26, and confirmed on Saturday, June 27, aims to boost government revenue without immediately increasing costs for households and businesses.

The petroleum levy on high-speed diesel was raised by 6.57 rupees per litre to 79.54 rupees, while the levy on petrol increased by 0.39 rupees to 66.64 rupees per litre. Retail prices were maintained at 299.50 rupees per litre for petrol and 311.47 rupees per litre for diesel until further notice. In contrast, the government reduced the price of kerosene oil by 6.85 rupees to 227.05 rupees per litre and also cut prices for light diesel oil and commercial aviation jet fuel.

Federal Minister for Petroleum Ali Pervaiz Malik stated that a high-level committee formed on Prime Minister Shehbaz Sharif's directives would oversee petroleum price determination to ensure transparency and protect consumer interests. He indicated that the government is closely monitoring international oil-market trends and would pass on any available benefit to consumers...