Govt revises fuel levy structure, prices unchanged

News Image

MG News | July 03, 2026 at 02:43 PM GMT+05:00

July 03, 2026 (MLN): The federal government has revised the levy structure on petroleum products at the beginning of the new fiscal year by increasing the Climate Support Levy (CSL) and making a corresponding reduction in the Petroleum Levy (PL), ensuring that retail fuel prices remain unchanged.

Under a notification issued by the Ministry of Energy (Petroleum Division) on July 1, the Climate Support Levy on motor gasoline (petrol) and high-speed diesel (HSD) has been raised by Rs2.50 per litre, bringing the levy to Rs5.00 per litre.

The same levy also applies to HOBC (97 RON) and furnace oil, while kerosene oil and light diesel oil remain exempt from the Climate Support Levy.

To offset the increase, the Petroleum Levy on petrol sold through retail outlets has been reduced from Rs66.64 per litre to Rs64.14 per litre, while the levy on HSD has been lowered from Rs79.54 per litre to Rs77.04 per litre.

Since the reduction in the Petroleum Levy matches the increase in the Climate Support Levy, consumers will see no change in retail fuel prices.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 180,502.45
511.22M
0.22%
397.83
ALLSHR 109,207.14
1,043.40M
0.34%
369.08
KSE30 53,761.19
116.20M
0.29%
157.61
KMI30 254,618.01
136.98M
0.64%
1629.75
KMIALLSHR 70,172.36
728.56M
0.55%
383.01
BKTi 51,777.91
14.76M
-0.31%
-161.28
OGTi 36,223.66
17.36M
1.49%
531.77
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 64,170.00 64,330.00
62,700.00
1195.00
1.90%
BRENT CRUDE 88.81 89.68
88.01
0.29
0.33%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-0.45
-0.41%
ROTTERDAM COAL MONTHLY 122.25 122.60
122.25
0.35
0.29%
USD RBD PALM OLEIN 1,175.00 1,175.00
1,175.00
0.00
0.00%
CRUDE OIL - WTI 82.40 83.23
81.50
0.00
0.00%
SUGAR #11 WORLD 16.85 16.96
16.47
0.25
1.51%

Chart of the Day


Latest News
August 17, 2026 at 08:28 PM GMT+05:00

SBP cancels Al-Rahim Exchange license


August 17, 2026 at 08:23 PM GMT+05:00

Govt reaffirms commitment to cashless economy


August 17, 2026 at 06:30 PM GMT+05:00

China unveils AI model to revolutionize soybean breeding



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg