Govt hikes petroleum levy by Rs20 to Rs80 for FY25

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

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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 

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