Government revises petroleum development levy rate
National Assembly passes federal budget on Friday
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 |
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