Petrol Levy Relief as Govt cuts Public’s Share to Rs63.64 Per Litre

ISLAMABAD – More relief for Pakistanis as the government further reduced public’s petrol levy burden by Rs1.65 to Rs63.64 per litre. Under the revised pricing formula, refineries will now shoulder Rs16.36 of the total Rs80 levy per litre, easing financial pressure on consumers.

The positive effects of Shehbaz Sharif government’s revised petrol pricing formula have started to emerge, with consumers receiving an additional relief of Rs1.65 per litre in the petroleum levy burden.

Under latest adjustment, the petroleum levy paid directly by consumers has been reduced to Rs63.64 per litre, compared with Rs65.29 per litre a day earlier.

The federal government further shifted petroleum levy burden from consumers to oil refineries, increasing the share borne by refineries to Rs16.36 per litre. This means refineries are now absorbing Rs16.36 per litre under revised pricing mechanism, allowing the government to pass the corresponding benefit on to petrol consumers.

Despite redistribution, the federal government continues to collect total petroleum levy of Rs80 per litre on petrol. Of this amount, consumers contribute Rs63.64, while refineries bear the remaining Rs16.36.

Petrol prices in Pakistan experienced fluctuations in recent weeks, initially rising to nearly Rs400 per litre before declining to Rs350. At start of October, petrol was priced at Rs387.40 per litre. The rate increased to Rs390.66 on October 2 following a rise of Rs3.26, before climbing further to Rs392.76 between October 3 and 5.

The upward trend continued during the following days, with petrol reaching Rs393.64 on October 6, Rs394.83 on October 7, and Rs396.65 on October 8. By October 9, the price had climbed to approximately Rs398.96 per litre, marking one of the highest levels recorded during the month.

The price trend began reversing shortly afterward. Petrol dropped to Rs398.30 between October 10 and 12, followed by a further reduction to Rs395.37 on October 13. Prices continued to fluctuate in the middle of October, falling to Rs392.66 on October 14, briefly increasing to Rs393.86 on October 15, and declining to Rs390.23 on October 16.

The downward movement accelerated in the final weeks of October. Petrol declined to approximately Rs381.14 on October 20 and subsequently approached Rs377–379 per litre. The rate stood at approximately Rs377.71 between October 23 and 26 before increasing to Rs379.25 on October 27.

A further decline brought the price to Rs376.06 on October 28, followed by an increase to Rs377.91 on October 29. Petrol prices remained close to Rs377.91 per litre during the final days of October, even as diesel prices continued to fluctuate.

November brings back to back petrol price cut as the federal government implemented its revised pricing mechanism. Starting from Rs377.91 per litre at the end of October, petrol prices declined repeatedly during the first two weeks of November. The latest adjustment brought petrol price down by another Rs3 to Rs335 per litre.

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New Petrol Price in Pakistan drops to Rs335 Per Litre after another Relief