Govt hikes petroleum levy by Rs20 to Rs80 for FY25

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	170,672.04 445.22M	0.89% 1498.66
ALLSHR	102,034.89 1,183.13M	0.89% 901.14
KSE30	51,809.61 215.26M	1.15% 591.24
KMI30	244,986.87 146.15M	1.11% 2692.35
KMIALLSHR	66,123.66 456.32M	1.13% 736.83
BKTi	48,171.04 144.41M	1.14% 545.15
OGTi	35,705.20 10.10M	1.47% 516.25

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,110.00	0.00 0.00	95.00 0.12%
BRENT CRUDE	105.88	107.48 103.41	0.81 0.77%
RICHARDS BAY COAL MONTHLY	104.00	104.00 104.00	-1.05 -1.00%
ROTTERDAM COAL MONTHLY	103.50	106.70 102.75	-2.00 -1.90%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	94.88	0.00 0.00	0.48 0.51%
SUGAR #11 WORLD	14.10	14.16 13.87	0.21 1.51%