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Govt hikes levy on diesel, cuts on petrol

The federal government has revised the levy on petrol and diesel, it was reported on Saturday.

Sources in the Petroleum Ministry said the levy on petrol was reduced by Rs9.24 per litre, bringing it down from Rs117.41 to Rs108.17 per litre.

In contrast, the levy on high-speed diesel was increased by Rs9.40 per litre, raising the rate from Rs42.60 to Rs52 per litre.

Earlier, the Petroleum Division had announced a Rs5 per litre reduction in the prices of both petrol and high-speed diesel.

Following the revision, the new price of petrol has been set at Rs409.78 per litre, while high-speed diesel will now cost Rs409.58 per litre.

According to the Petroleum Division’s notification, the revised fuel prices came into effect from midnight across the country.

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