Aaj TV English News - Pakistan https://english.aaj.tv/ Aaj TV English en-Us Copyright 2026 Wed, 08 Apr 2026 07:07:06 +0500 Wed, 08 Apr 2026 07:07:06 +0500 60 Government revises petroleum development levy rate https://english.aaj.tv/news/330367485/government-revises-petroleum-development-levy-rate <p><strong>The federal government has revised the Rs80 per litre petroleum development levy to Rs70/ltr after days of budget debate sessions in the National Assembly and Senate recommendations.</strong></p> <p>It was part of the Finance Bill, which the National Assembly passed amid concerns from the opposition.</p> <p>Finance Minister Muhammad Aurangzeb <a href="https://english.aaj.tv/news/330367449/national-assembly-passes-tax-heavy-budget-ahead-of-imf-loan">moved the finance bill in parliament</a>, which was opened to seek amendments and debate by the ruling alliance led by Prime Minister Shehbaz Sharif and its opposition. Speaker Sardar Ayaz Sadiq announced the move in a live TV telecast.</p> <table> <thead> <tr> <th align="center">Petroleum products</th> <th align="center">Unit</th> <th align="center">Maximum petroleum levy rate(in rupees per unit)</th> </tr> </thead> <tbody> <tr> <td align="center">High speed diesel oil (HSDO)</td> <td align="center">Litre</td> <td align="center">70</td> </tr> <tr> <td align="center">Motor Gasoline</td> <td align="center">Litre</td> <td align="center">70</td> </tr> <tr> <td align="center">Superior Kerosene Oil (SKO)</td> <td align="center">Litre</td> <td align="center">50</td> </tr> <tr> <td align="center">Light diesel Oil (LDO)</td> <td align="center">Litre</td> <td align="center">50</td> </tr> <tr> <td align="center">High octane blending component (HOBC)</td> <td align="center">Litre</td> <td align="center">70</td> </tr> <tr> <td align="center">E-10 gasoline</td> <td align="center">Litre</td> <td align="center">50</td> </tr> <tr> <td align="center">Liquefied petroleum gas (produced or extracted in Pakistan)</td> <td align="center">Metric ton</td> <td align="center">30,000</td> </tr> </tbody> </table> The federal government has revised the Rs80 per litre petroleum development levy to Rs70/ltr after days of budget debate sessions in the National Assembly and Senate recommendations.

It was part of the Finance Bill, which the National Assembly passed amid concerns from the opposition.

Finance Minister Muhammad Aurangzeb moved the finance bill in parliament, which was opened to seek amendments and debate by the ruling alliance led by Prime Minister Shehbaz Sharif and its opposition. Speaker Sardar Ayaz Sadiq announced the move in a live TV telecast.

Petroleum products Unit Maximum petroleum levy rate(in rupees per unit)
High speed diesel oil (HSDO) Litre 70
Motor Gasoline Litre 70
Superior Kerosene Oil (SKO) Litre 50
Light diesel Oil (LDO) Litre 50
High octane blending component (HOBC) Litre 70
E-10 gasoline Litre 50
Liquefied petroleum gas (produced or extracted in Pakistan) Metric ton 30,000
]]> Pakistan https://english.aaj.tv/news/330367485 Mon, 01 Jul 2024 17:51:47 +0500 none@none.com (Naveed Akbar) An employee prepares to fill petrol in a vehicle at a fuel station in Karachi, Pakistan, on August 1, 2023. AFP