The government has increased the tax on petrol by Rs24.74 per litre.
The petroleum levy has increased from Rs91.34 per litre to Rs116.08 per litre.
The government also revised taxation on other petroleum products. The petroleum levy on high-speed diesel was reduced by Rs24.34 per litre, bringing it down from Rs68.93 per litre to Rs44.59 per litre. Meanwhile, the levy on kerosene was maintained at Rs20.36 per litre, although the retail price of kerosene was increased by Rs8.70 per litre to Rs280.70 per litre.
A day earlier, the federal government announced a reduction of Rs4 per litre in the price of petrol, providing some relief to consumers amid rising living costs.
According to the latest notification, the price of petrol has been reduced from Rs381.78 per litre to Rs377.78 per litre with immediate effect. The government, however, decided to keep the price of high-speed diesel unchanged.
Following the decision, diesel will continue to be available at Rs380.78 per litre.
Petrol is widely used by owners of motorcycles, cars and other private vehicles, and the reduction is expected to offer limited relief to daily commuters. Diesel, on the other hand, is primarily used in the transport, agriculture and industrial sectors, making its price an important factor in determining the cost of goods and services.
The revised fuel prices will remain in effect until the next fortnightly review, when the government will reassess petroleum rates in line with trends in the international oil market and the exchange rate.
