Petrol gets costlier by Rs 13.18/litre in Pakistan:Prices reach Rs 310.71/litre High-Speed Diesel rates increase by 13.80/litre to 323.30/litre

The Pakistan government has increased petrol prices by Rs 13.18 (Pakistani rupees) per liter and high-speed diesel by Rs 13.80 per liter. After this increase, the price of one liter of petrol in Pakistan has become Rs 310.71 and the price of high-speed diesel has reached Rs 323.30 per liter. The new prices came into effect from July 11. The series of increases started from February Despite the recent increase, both fuels remain below their record high (peak level). On April 3, the price of diesel reached an all-time high level of Rs 520.35 per liter. This surge in fuel prices was observed after the US-Iran war began on February 28, when diesel was at the level of Rs 281 per liter. On the other hand, the price of petrol also reached its highest level of Rs 458.41 on April 3, which started from Rs 266 per liter in the first week of March. Tax increased due to IMF conditions, Rs 80 levy on diesel and Rs 70 on petrol The strict conditions of the International Monetary Fund (IMF) are also included behind the increase in fuel prices. The government has doubled the ‘Climate Support Levy’ from July 1 to Rs 5 per liter, while a marginal reduction has been made in the petroleum levy in return. After this change, currently the petroleum levy on diesel is approximately Rs 80 per liter. Meanwhile, on petrol, a petroleum levy of Rs 70 per liter is being collected along with a separate climate support levy of Rs 5 . Up to Rs 100 tax per liter of fuel, customs duty also included The government is currently collecting a total tax of Rs 101 per liter on high-speed diesel (HSD). This includes Rs 16 per liter customs duty, petroleum levy, climate support levy, and inland freight equalization margin. Speaking of petrol, the total tax on it amounts to Rs 95 per liter, which includes Rs 20 per liter customs duty along with petroleum and climate levy. Additionally, the government is collecting Rs 21 per liter petroleum levy on kerosene and Rs 16 per liter on light diesel oil.