Govt hikes petroleum levy by Rs20 to Rs80 for FY25

News Image

MG News | June 12, 2024 at 06:54 PM GMT+05:00

0:00

June 12, 2023 (MLN): The federal government has decided to increase the maximum petroleum levy by Rs20 to Rs80 per unit on High-speed diesel oil (HSDO) and Motor gasoline for the fiscal year 2024-2025.

It is worth mentioning here that the petroleum levy during the outgoing fiscal year (FY24) stood at Rs60 per liter.

Additionally, the maximum levy on Light Diesel Oil (LDO), Light Diesel Oil (LDO), and High octane blending component (HOBC) is also raised to Rs75 per liter, respectively.

On the other hand, the levy on Superior Kerosene Oil (SKO) remains at Rs50 per liter, and for Liquefied Petroleum Gas (produced/extracted in Pakistan), it stands at Rs30,000 per Metric ton.

Sr. No Petroleum products Unit Minimum petroleum levy rate (in rupees per unit) Maximum petroleum levy rate (in rupees per unit)
1 High speed diesel oil (HSDO) Litre 60 80
2 Motor gasoline Litre 60 80
3 Superior kerosene oil (SKO) Litre 50 50
4 Light Diesel Oil (LDO) Litre 50 75
5 High octane blending component (HOBC) Litre 50 75
6 E-10 gasoline Litre 50 75
7 Liquefied petroleum gas (produced/extracted in Pakistan) Metric ton 30000 30000

Copyright Mettis Link News 

Related News

Name Price/Vol %Chg/NChg
KSE100 148,617.78
624.60M
0.86%
1274.27
ALLSHR 91,685.08
1,340.28M
0.74%
669.39
KSE30 45,247.79
197.43M
0.83%
370.74
KMI30 212,370.79
224.51M
1.05%
2209.48
KMIALLSHR 61,227.89
711.87M
1.18%
715.56
BKTi 41,264.02
160.39M
0.54%
221.73
OGTi 30,019.10
23.63M
0.64%
190.41
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,265.00 113,390.00
108,020.00
-4475.00
-3.97%
BRENT CRUDE 67.46 67.94
67.29
-0.52
-0.76%
RICHARDS BAY COAL MONTHLY 88.70 88.70
88.70
-0.75
-0.84%
ROTTERDAM COAL MONTHLY 96.15 96.75
96.00
-0.40
-0.41%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.01 64.55
63.88
-0.59
-0.91%
SUGAR #11 WORLD 16.34 16.52
16.33
-0.14
-0.85%

Chart of the Day


Latest News
August 30, 2025 at 04:28 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


August 29, 2025 at 06:04 PM GMT+05:00

SCRA inflows offset Rs8.5bn net selling


August 29, 2025 at 05:46 PM GMT+05:00

SECP cuts bonus, right issue timelines



Top 5 things to watch in this week

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