Petroleum levy retained as govt hikes fuel prices

Despite the most recent increase in the cost of fuel, the Petroleum Division has determined to keep the existing petroleum charge on petrol, diesel and kerosene. This decision was communicated through a notification.

The statement states that the petroleum duty has not altered from its previous levels of Rs80 per litre for petrol, Rs70.82 per litre for high-speed diesel and Rs20.36 per litre for kerosene.

In accordance with the new daily pricing method, the government has declared that the prices of petroleum will be adjusted and will continue to be in place for a period of three days.

As a result of the most recent revision, the price of high-speed diesel has increased by Rs31.05 per litre, bringing the new retail price to Rs354.35 per litre.

The price of fuel has also been increased by Rs5.44 per litre, and the new rate is Rs316.15 a litre. This represents a significant increase.

In the meantime, the price of kerosene oil has increased by Rs34.33 per litre, leading to an increase in the price from Rs242.33 per litre to Rs276.66 per litre.

In accordance with the recently implemented daily petroleum pricing procedure, which was recently enacted by the government, the prices of fuel will henceforth be evaluated and notified on a daily basis.