Government revises petroleum levy rates on fuel products

Government revises petroleum levy rates on fuel products
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Summary Government revises petroleum levy rates, cutting levy on petrol and increasing it on diesel while keeping dealers' margins unchanged.

ISLAMABAD (Dunya News) – The federal government has revised the petroleum levy rates on various fuel products, making changes to levies, freight margins, and other charges.

According to an official notification, the petroleum levy on petrol has been reduced by Rs9.34 per litre, while the levy on diesel has been increased by Rs8.67 per litre.

Following the revision, the levy on petrol has been brought down from Rs116.08 to Rs106.74 per litre, whereas the levy on diesel has been raised from Rs44.59 to Rs53.26 per litre.

The notification further stated that the freight margin on petrol has been reduced by Rs4.45 per litre, while the freight margin on high-speed diesel has been cut by Rs2.01 per litre.

Meanwhile, incidental charges and duties on petrol have been increased by Rs9.30 per litre, while similar charges on diesel have been reduced by Rs9.57 per litre.

The dealers' margin on both petrol and high-speed diesel has been maintained at Rs8.64 per litre.

According to the notification, the levy on kerosene oil remains unchanged at Rs20.36 per litre, while the levy on light diesel oil has been fixed at Rs15.84 per litre. The levy on high-octane fuel has been maintained at Rs305.37 per litre, while furnace oil will continue to carry a levy of Rs77 per litre.

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