ISLAMABAD: The federal government on Friday decided not to increase the prices of petroleum products during next fortnight in order to provide relief to the consumers during the holy month of Ramazan.
A statement said that in line with the vision of the Prime Minister to provide relief to the consumers in the holy month of Ramazan, the government has decided not to increase the prices of the petroleum products.
The implementation of this proposal requires an adjustment in the rates of petroleum levy on all petroleum products and a reduction in sales tax as well in case of kerosene oil and light diesel oil.
It is pertinent to mention that the government was not charging any Petroleum Levy (PL) on Kerosene and light diesel oil.
The cumulative revenue impact of the decision will be Rs. 4.8 billion.
The prices of petroleum products w.e.f May 01, 2021 are as follows:
MS Petrol Rs.108.56/liter
High Speed Diesel Rs. 110.76/liter
Kerosene oil Rs. 80.00/liter
Light Diesel Oil Rs. 77.65/liter