Islamabad (Commerce Desk): The federal government has further reduced the petroleum levy on petrol by Rs 1.65 per litre, bringing the levy burden on consumers down to Rs 63.64 per litre.
The effects of the reduction in the petroleum levy have started to emerge following the government's decision to change the mechanism for determining petrol prices.
The government has further lowered the levy imposed on each litre of petrol to Rs 63.64, providing some relief to consumers.
It is worth mentioning that petroleum product prices have been gradually reduced over the past week, during which the price of petrol has fallen by more than Rs 35 in total.