The Government of Pakistan has decided to keep petrol price unchanged for the next fortnight, starting from March 16, 2025. This decision, announced by the Finance Division, provides relief to consumers amid economic fluctuations and global oil market uncertainties.
The price of High-Speed Diesel (HSD) will remain unchanged at Rs. 258.64 per litre, while petrol price will continue to be priced at Rs. 255.63 per litre. Similarly, the price of Kerosene Oil will stay at Rs. 168.12 per litre, and Light Diesel Oil (LDO) will remain at Rs. 153.34 per litre. There is no increase or decrease in the prices of these products, ensuring stability for consumers across the country.
Earlier in media reports petrol price was likely to decrease by up to Rs. 15 per litre, while high-speed diesel (HSD) and Kerosene oil was also expected to go down by Rs. 8 and 10 per litre, respectively.
Taxes & Pricing Structure
Despite the zero-rated General Sales Tax (GST), the government levies around Rs. 76 per litre in taxes on petrol and diesel, including a petroleum development levy (PDL) of Rs. 60 per litre. This amount can legally be raised to Rs. 70 per litre. Additionally, a customs duty of Rs. 16 per litre is imposed, alongside Rs. 17 per litre in distribution and dealer margins.
As consumers anticipate a drop in fuel costs, the government’s decision on taxation will ultimately determine whether this relief reaches the public or is absorbed to meet fiscal objectives.
What do you think about the recent move regarding petrol price in Pakistan. Tell us in the comments section.
