Petrol levy reduced by Rs 40 per liter in Pakistan, diesel …..

Petrol levy reduced by Rs 40 per liter in Pakistan, diesel …..

Petrol levy reduced by Rs 40 per liter in Pakistan, diesel levy increased by Rs 19.71

ISLAMABAD – The Pakistani government has reduced the petroleum levy while increasing the levy on high-speed diesel amid the latest changes in fuel prices.

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From June 20, the petroleum levy on petrol has been reduced by Rs 40 49 paise per liter from Rs 106.74 to Rs 66.25 per litre. Officials said the move is aimed at providing relief to consumers after the fall in international crude oil prices.

On the contrary, the petroleum levy on high speed diesel has been increased by Rs 19 71 paise per litre. As a result, the levy on diesel has increased from Rs 53.26 to Rs 72.97 per litre.

POL The old levee Change The new levy
Petrol 106.74 -40.49 66.25
High Speed ​​Diesel (HSD) 53.26 +19.71 72.97

The government has passed on the impact of the global oil price drop to consumers, resulting in a reduction in petrol prices by around Rs 34 per litre.

Officials said that the adjustment in the levies has been made keeping in view the prevailing trends in the international oil market and wider financial requirements.

If the full impact of low crude oil prices were passed on to consumers, the prices of petroleum products could see a big drop. However, the government chose to reduce the levy on petrol to provide direct relief to motorists.

Fuel prices. It is determined by a combination of factors including international oil prices, import costs, exchange rate movements, taxes and petroleum levies. He said that changes in crude oil prices do not necessarily translate into a corresponding reduction in domestic fuel prices due to the influence of these variables.

The latest revision is expected to benefit petrol consumers, while the increase in diesel levy could impact the transport, agriculture and industrial sectors, which rely heavily on high-speed diesel.

Pakistan reduced petrol price by Rs 74 and diesel price by Rs 67 per litre

The post Pakistan petrol levy reduced by Rs 40 per liter, diesel levy increased by Rs 19.71 appeared first on Daily Pakistan News

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