Summary The latest reduction follows the government's decision to revise the formula for determining petroleum product prices
ISLAMABAD (Dunya News) – The federal government has reduced the petroleum levy on petrol by another Rs1.65 per litre, bringing the levy to Rs63.64 per litre.
The latest reduction follows the government's decision to revise the formula for determining petroleum product prices, with its effects now reflected in the petroleum levy.
According to details, the government has lowered the per-litre petroleum levy on petrol by Rs1.65, providing a further reduction in the levy burden on consumers.
Meanwhile, petroleum product prices have been declining in phases over the past week, with petrol becoming cheaper by more than Rs35 per litre during this period.
