ISLAMABAD – Pakistani government on Friday announced revised petroleum prices for second half of May 2025, keeping levy on petrol and diesel unchanged while providing some relief in diesel and other fuel prices.
As per latest updates, Petroleum Levy remains fixed at Rs78.2 per litre for petrol and Rs77.1 per litre for Diesel. While price of petrol remains unchanged at Rs252.63 per litre, the government slashed price of high-speed diesel by Rs2, bringing it down to Rs254.64 per litre.
Levy on Petrol, and Diesel
| Item | Petroleum Levy | Old Rate | New Rate | Change |
|---|---|---|---|---|
| Petrol | 78.2 | 252.63 | 252.63 | — |
| High-Speed Diesel | 77.1 | 256.64 | 254.64 | -2.00 |
As petrol price remains same, other fuel prices have also been adjusted. Kerosene oil has been slashed by Rs5.04 to Rs164.65 per litre, while light diesel oil sees a cut of Rs4.68, now priced at Rs150.65 per litre.
New Petrol Price
| Products | New Price |
| Petrol | 252.63 |
| High-Speed Diesel | 254.64 |
| Kerosene Oil | 164.65 |
| Light Diesel Oil | 150.65 |
The revision comes as part of government’s fortnightly review of fuel prices, which takes into account global oil market trends and domestic economic conditions.
People were expecting some relief but government has not passed on benefit of drop in global oil prices. On the other hand, the government jacked up Inland Freight Equalisation Margin (IFEM) on both fuels. This loss arose due to the reclassification of petroleum products as tax-exempt, making input sales tax non-refundable for oil refineries and marketing companies.
