Business

Govt increases high-octane fuel levy to Rs 300

Published by
Web Desk

ISLAMABAD:  It has been decided to increase the levy on high-octane fuel used in luxury vehicles from Rs 100 to Rs 300.

In a meeting chaired by Prime Minister Shehbaz Sharif via video link, it was decided to increase the levy on high-octane fuel.

According to a statement issued by the Prime Minister’s House, the prices of fuel used in ordinary vehicles used by the lower and middle classes have not been increased and only the price of high-octane fuel used in luxury vehicles has been increased.

According to the statement, regular petrol will be available at the old price and this decision will not increase the fares of public transport and aircraft.

According to a statement from the Prime Minister’s Office, the decision will save the government Rs 9 billion per month, which will provide relief to the people.

Web Desk

Recent Posts

IMF projects higher inflation than government’s target

ISLAMABAD (Rizwan Abbasi): The International Monetary Fund (IMF) has projected that Pakistan’s average inflation rate…

26 minutes ago

PM Shehbaz condemns attacks on KSA, reaffirms Pakistan’s solidarity

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday strongly condemned the recent attacks on Saudi Arabia,…

45 minutes ago

Gold prices drop by Rs5,600 per tola in Pakistan

KARACHI: The gold prices in Pakistan have been reduced to Rs 424,136 following a reduction…

2 hours ago

When will Safar moon be sighted? SUPARCO predicts

ISLAMABAD: According to Pakistan Space and Upper Atmosphere Research Commission (SUPARCO), the new moon of…

3 hours ago

11 died as house collapses in Kohat after heavy rains

KOHAT: A residential house collapsed due to heavy rain in the Malgin area of ​​Lachi…

3 hours ago

Alternative to the Strait of Hormuz Ready: UAE Decides to Build New Port

ABU DHUBAI: The United Arab Emirates has prepared a plan to establish a new multi-purpose port…

3 hours ago