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Government revises petroleum development levy rate

National Assembly passes federal budget on Friday
naveed-akbar Naveed Akbar
Updated 01 Jul, 2024 05:51pm
Pakistan
An employee prepares to fill petrol in a vehicle at a fuel station in Karachi, Pakistan, on August 1, 2023. AFP
An employee prepares to fill petrol in a vehicle at a fuel station in Karachi, Pakistan, on August 1, 2023. AFP

The federal government has revised the Rs80 per litre petroleum development levy to Rs70/ltr after days of budget debate sessions in the National Assembly and Senate recommendations.

It was part of the Finance Bill, which the National Assembly passed amid concerns from the opposition.

Finance Minister Muhammad Aurangzeb moved the finance bill in parliament, which was opened to seek amendments and debate by the ruling alliance led by Prime Minister Shehbaz Sharif and its opposition. Speaker Sardar Ayaz Sadiq announced the move in a live TV telecast.

Petroleum products Unit Maximum petroleum levy rate(in rupees per unit)
High speed diesel oil (HSDO) Litre 70
Motor Gasoline Litre 70
Superior Kerosene Oil (SKO) Litre 50
Light diesel Oil (LDO) Litre 50
High octane blending component (HOBC) Litre 70
E-10 gasoline Litre 50
Liquefied petroleum gas (produced or extracted in Pakistan) Metric ton 30,000

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petroleum prices

petrol rates

Petroleum levy

Pakistan petrol prices

budget 2024 25

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