The federal government has raised petrol and high-speed diesel prices by over Rs13 a litre. New rates take effect from Saturday. This fuel price hike will squeeze household budgets across Pakistan.
Updated Petrol and Diesel Prices
Petrol now costs Rs310.71 per litre after a rise of Rs13.18. Meanwhile, diesel has climbed by Rs13.80 to Rs323.30 a litre. Therefore, the hike will add pressure on buyers and transport fees nationwide.
Recent Market Fluctuations
According to a Petroleum Division notice, the latest fuel adjustment follows wild swings in global and local markets. Previously, diesel rates jumped after the US-Iran conflict began. They hit a high of Rs520.35 per litre on April 3 before falling. Also, petrol prices shot up in that span before easing.
Read more: Government lifts petrol, diesel prices by over Rs13 per litre
Taxes and Government Levies
The government still collects many taxes and fees on fuel items. In addition, the climate support levy rose to Rs5 per litre from July 1. The rise follows pledges to the International Monetary Fund programme. Furthermore, officials adjusted the petroleum levy. Officials said these steps meet wider fiscal promises.
Currently, the petroleum levy stands near Rs80 per litre on diesel and Rs70 on petrol. It also adds climate support charges. Moreover, diesel includes customs duties and inland freight costs. This brings total government take on diesel to about Rs101 per litre. Petrol holds almost Rs95 per litre in taxes and duties.
Read more: Petrol relief linked to global prices, Minister says
Impact on Revenue and Public
Petrol and diesel stay among Pakistan\’s top sources of state income. Officials estimate monthly sales at 700,000 to 800,000 tonnes. As a result, the new price increase may raise transport costs, inflation, and family budgets. Consumers now face higher fuel bills.
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