The government of Pakistan has decided to keep the petroleum levy on petrol and high speed diesel unchanged for now. According to a new official notification, the levy on petrol will remain at Rs 105.37 per litre, while high speed diesel (HSD) will continue to carry a levy of Rs 55.24 per litre.
A petroleum levy is a tax charged by the government on fuel products. It is an important source of revenue for the national budget and helps the government manage financial needs. By keeping the levy unchanged, authorities aim to maintain stability in fuel prices for consumers.
Along with this decision, the government has also approved a subsidy worth Rs 23 billion. Officials say the subsidy will help manage the financial impact of fuel pricing and reduce pressure on the market.
Authorities confirmed that petrol and diesel prices will remain the same until further notice. This means there will be no immediate change in the cost of fuel at petrol pumps across the country.
Earlier this month, the government increased the petroleum levy on petrol by about 25 percent, which raised concerns among consumers and businesses. The latest decision to keep the levy unchanged is seen as an effort to control sudden price changes.
Energy experts say fuel taxes and subsidies are often adjusted to balance government revenue and public spending.
