Consumers Deprived of Relief as Govt Raises Petroleum Levy by Up to Rs4.62
Consumers across Pakistan have been deprived of expected fuel price relief after the government increased the petroleum levy by up to Rs4.62 per litre, offsetting potential reductions in fuel prices.
The move comes despite fluctuations in global oil prices that had raised hopes for relief.
Levy Increase Neutralizes Price Cut
Officials confirmed that the increase in the petroleum levy applies to multiple petroleum products. As a result, any benefit from changes in international oil rates has been largely neutralized.
Therefore, fuel prices for consumers remain high.
Impact on Consumers
The levy hike has directly affected household budgets, transport costs, and inflation-sensitive sectors. Daily commuters and goods transporters are among the most affected groups.
Meanwhile, consumers continue to face rising living costs.
Government’s Position
Authorities say the increase in the petroleum levy aims to meet revenue targets and support fiscal management. The levy is a key source of government income used to bridge budget gaps.
However, critics argue the burden has shifted to the public.
Economic Context
Pakistan’s economy remains under pressure due to high inflation and energy costs. Fuel prices influence food prices, transport fares, and industrial expenses.
As a result, any levy increase has a ripple effect across the economy.
Public Reaction
Many consumers expressed disappointment, saying they expected relief amid easing global oil prices. Transport operators also warned of possible fare hikes.
At the same time, business groups raised concerns over reduced purchasing power.
What Happens Next
Fuel prices will be reviewed again in the next pricing cycle. Analysts say future adjustments will depend on global oil markets and fiscal decisions.
Additionally, consumer groups are urging the government to reconsider the levy policy.
Conclusion
The government’s decision to raise the petroleum levy by up to Rs4.62 has denied consumers much-needed relief, keeping fuel prices elevated amid economic challenges.
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