Govt hikes petrol prices by Rs14.85 per litre, imposes Rs10 as PL

June 30, 2022 (MLN): The federal government on Thursday decided to increase the petrol prices by Rs14.85 to Rs248.74 per litre while imposing a Petroleum Levy (PL) of Rs10 per litre. This is the fourth consecutive hike in fuel prices since May 26.

As per the notification issued by the Finance Division, “In view of the fluctuations in prices in the international market and exchange rate variation, the government has decided to partially apply the petroleum levy and revise the existing prices of petroleum products as agreed with the development partners."

After the latest round of hikes, high-speed diesel will be priced at Rs276.54 per litre (up by Rs13.23), kerosene oil at Rs230.20 per litre (up by Rs18.83) and light diesel at Rs226.61 per litre (up by 18.68).

Meanwhile, Rs5 has been applied as PL on each high-speed diesel, kerosene oil and light diesel.

New prices of petroleum products are effective from July 1, 2022.

It is pertinent to mention that the new government has raised the petrol prices by a whopping Rs98 per litre since May 26, 2022.

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