Govt maintains petroleum levy at Rs84.40 for petrol, Rs76.21 for HSD

The federal government has announced an increase in the prices of petrol and high-speed diesel (HSD) by up to Rs7.32 per litre, while maintaining the petroleum levy at its current levels. The levy remains unchanged at Rs84.40 per litre for petrol and Rs76.21 per litre for HSD, despite fluctuations in international oil prices.

The price of petrol has been increased by Rs5 per litre, while HSD sees a rise of Rs7.32 per litre. In addition, a Climate Support Levy (CSL) of Rs2.50 per litre will continue to be charged on all petroleum products.

According to the Petroleum Division, the adjustments come as a result of changes in global oil prices. The ex-refinery price of petrol has increased by Rs5.09 per litre, rising from Rs141.03 to Rs146.12. However, the government partially offset this rise by reducing the exchange rate adjustment, which decreased from 57 paisa to 41 paisa. Additionally, the Inland Freight Equalization Margin (IFEM) was slightly raised by 0.07 paisa, moving from Rs8.16 to Rs8.23 per litre.

Similarly, the ex-refinery price for HSD has gone up by Rs7.55 per litre.

The government’s decision to keep the petroleum levy unchanged, despite the hike in fuel prices, is seen as an effort to stabilize revenues from the petroleum sector, while balancing the impact of rising global oil prices on domestic consumers.