Islamabad, Pakistan – Web Desk: The Pakistani government has announced a significant increase in the petroleum levy alongside the recent surge in fuel prices, adding a double burden on consumers.
Petrol now carries a levy of PKR 160.61 per liter, up from PKR 106, following an additional PKR 55 hike. High-octane fuel sees a levy of PKR 305.37 per liter, while light diesel is taxed at PKR 15.84 per liter. Furnace oil and kerosene levies have also been revised to PKR 77 per metric ton and PKR 20.36 per liter, respectively.
The government has set a target of PKR 1,468 billion for petroleum levy collection in the current fiscal year. Analysts say the increase in levy rates is expected to boost non-tax revenue significantly.
This comes a day after the government raised retail fuel prices, with petrol now costing PKR 458.40 per liter and diesel PKR 520.35 per liter. Other products, including furnace oil, diesel, and jet fuel, have also seen record price increases. According to OGRA notifications, diesel prices rose by PKR 34.08 per liter, bringing its new price to PKR 467.48, while jet fuel increased by PKR 40 per liter to PKR 517.17.
The move has sparked concerns over rising inflation and the financial pressure on ordinary consumers, particularly transport operators and small businesses that rely heavily on fuel.
