Islamabad: The federal government has revised petroleum prices and taxation structure, increasing kerosene oil rates while adjusting petroleum levies on petrol and high-speed diesel (HSD), limiting the impact of recent fuel price relief for consumers.
According to Beyond Time News, the changes reflect ongoing fiscal adjustments linked to global oil market fluctuations and domestic revenue needs.
Kerosene Price Increased
The price of kerosene oil has been increased by Rs8.70 per litre, taking it to Rs280.70 per litre from the previous Rs272.
Officials said the revision will directly impact households relying on kerosene for cooking and heating purposes.
Petrol Levy Increased, Diesel Levy Reduced
The government has significantly increased the petroleum levy on petrol by Rs24.74 per litre, raising it from Rs91.34 to Rs116.08 per litre.
In contrast, the levy on high-speed diesel has been reduced by Rs24.34 per litre, bringing it down from Rs68.93 to Rs44.59 per litre.
Officials said the adjustment helped maintain diesel prices despite broader pressure from global oil markets.
Petrol Price Cut, Diesel Unchanged
Earlier, the government reduced petrol prices by Rs4 per litre, bringing the new rate to Rs377.78 per litre. The price of high-speed diesel remained unchanged at Rs380.78 per litre.
The latest revision follows a series of fuel price adjustments in recent weeks driven by changes in international crude oil rates.
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Impact on Consumers
Officials noted that while petrol prices saw a minor reduction, the increased petroleum levy effectively offsets potential relief for consumers.
Petrol remains widely used in private transport, while diesel is essential for public transport, freight, and agriculture sectors.
FAQs
1. What is the new kerosene price?
Rs280.70 per litre after an Rs8.70 increase.
2. What happened to petrol levy?
It increased by Rs24.74 per litre.
3. Did diesel prices change?
No, diesel price remained unchanged.
4. Why were levies adjusted?
For fiscal management and to balance price pressures.
5. What was the recent petrol price change?
A reduction of Rs4 per litre.
