The federal government has cut the petroleum levy on petrol by another Rs1.65 per litre, bringing it down to Rs63.64 per litre.
Under the latest price notification, petrol will retail at Rs332 per litre and high-speed diesel at Rs360 per litre.
The levy reduction follows a change in the federal government’s formula for setting petrol prices. Government documents put the revised levy at Rs63.64 per litre.
Fuel prices have been reduced in stages over the past week. Petrol has become more than Rs35 per litre cheaper over that period.
