National ( The cow news digital ) The Petroleum Division of Pakistan has announced that the existing petroleum levy on petrol, diesel, and kerosene oil will remain unchanged, maintaining the current tax structure on fuel products.
According to an official notification issued by the Petroleum Division, the levy on petrol has been kept at Rs80 per litre, while the levy on high-speed diesel remains at Rs70.82 per litre. The government has also maintained a levy of Rs20.36 per litre on kerosene oil.
The decision comes shortly after the government announced a temporary increase in petroleum product prices for a three-day period. The latest adjustment has resulted in a significant rise in diesel prices, while petrol prices have also been increased.
Under the revised rates, the price of diesel was increased by Rs31.05 per litre, bringing the new price to Rs354.35 per litre. Petrol prices were raised by Rs5.44 per litre, after which the new petrol price stands at Rs316.15 per litre.
The Petroleum Division said that the changes were made as part of the government’s updated mechanism for reviewing fuel prices. The government has recently announced that petroleum product prices will now be determined on a daily basis instead of the previous fortnightly review system.
The move is aimed at allowing quicker adjustments in fuel prices according to fluctuations in international oil markets and other relevant factors. However, frequent price changes have raised concerns among consumers and businesses over the impact on transportation costs and inflation.
Economic experts have noted that petroleum prices play a major role in determining the cost of goods and services, as higher fuel expenses often increase transportation and production costs across different sectors.
The unchanged petroleum levy means that a significant portion of the fuel price continues to come from government-imposed charges. Authorities maintain that these revenues are necessary for meeting fiscal requirements, while consumers have repeatedly called for relief amid rising living costs.
The government’s decision to continue the existing levy structure and revise fuel prices on a daily basis is expected to remain a key economic issue in the coming weeks.
