The Federal Authorities has elevated the petroleum levy (PL) on Petrol by Rs. 2.74 per liter after maintaining the costs of petroleum merchandise unchanged.

Following the rise, the petroleum levy on petrol has risen to Rs. 50 per liter.

MS Petrol’s ex-refinery value elevated from Rs. 164.47 to Rs. 164.85 on 1 November 2022 whereas the Inland Freight Equalization Margin (IFEM) went from Rs. 0.35 a liter to Rs. 2.01.

The sellers’ margin remained unchanged at Rs. 7 per liter and the Petroleum Levy elevated from Rs. 47.26 a liter to Rs. 50, which introduced the full value to Rs. 224.80 per liter. This improve takes into consideration the federal authorities’s earlier determination to extend the petroleum improvement price to Rs. 50 per litre earlier than January 2023 as a way to adjust to a vital IMF requirement (IMF).

In the meantime, the federal government introduced yesterday to maintain POL costs unchanged. The worth of petrol will stay at Rs. 224.80 per liter, high-speed diesel (HSD) at Rs. 235.30, gentle diesel oil (LDO) at Rs. 186.50, and kerosene at Rs. 191.83.