Petrol levy raised to Rs80 per litre as fuel prices surge
The government has increased the petroleum levy on petrol by Rs9.64 per litre, pushing the rate back to Rs80 per litre and adding to the burden on consumers already facing higher fuel prices.
According to sources, the petroleum levy on petrol has been raised from Rs70.36 per litre to Rs80 per litre. The increase comes alongside a major revision in petroleum product prices announced by the government.
Officials say the levy is a key source of government revenue, but economists warn that higher charges on fuel can have a direct impact on transportation costs and overall inflation. Since petroleum products are widely used across the economy, any increase in fuel-related taxes can eventually affect the prices of goods and services.
The latest adjustment follows a significant rise in petrol and diesel prices. The government increased the price of petrol by Rs13.18 per litre, taking the new rate to Rs310.71 per litre. Diesel prices were also raised by Rs13.80 per litre, bringing the new price to Rs323.30 per litre.
The combined impact of higher fuel prices and the increased petroleum levy is expected to put additional pressure on household budgets and businesses. Transporters and industry representatives have expressed concerns that the move could raise operating costs in the coming weeks.
Analysts believe fuel prices will continue to depend on international oil market trends, exchange rate fluctuations, and government taxation policies. Consumers, meanwhile, are closely monitoring future developments amid fears of further increases in fuel-related expenses.
The latest changes have taken effect immediately under the government’s revised fuel pricing mechanism.