The Shahbaz Sharif government has increased the duty on high-octane fuel used in luxury vehicles from ₹100 to ₹300 per liter. Pakistan’s energy crisis is deepening due to rising global oil prices and regional tensions.
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The ongoing war in the Middle East and the Hormuz crisis have exacerbated Pakistan’s difficulties. Amid the economic crisis and the global oil crisis, the Shahbaz Sharif government has taken a major decision, imposing a hefty duty on high-octane fuel used in luxury vehicles.
In a high-level meeting chaired by Prime Minister Shahbaz Sharif, the Pakistani government decided to increase the duty on high-octane fuel from Rs 100 to Rs 300 per liter. This means that luxury car owners will now have to pay an additional Rs 200 per liter. This decision comes amid the country’s deteriorating economic situation and the pressure of rising global crude oil prices.
According to ARY News, the government has clarified that this increase in high-octane fuel prices will not impact public transport fares or air travel costs. This duty is primarily applicable to high-end vehicles that use premium fuel.
Prices hiked for the second time in a month
Recently, on March 6, the Pakistani government increased petrol and diesel prices by ₹55 per liter. Petrol now costs ₹321.17 and diesel ₹335.86 per liter. Due to the surge in jet fuel prices, domestic ticket prices have been increased significantly, from ₹2,800 to ₹5,000, and international ticket prices from ₹10,000 to ₹28,000, effective March 10.
In fact, the US-Israeli war with Iran has affected global oil supplies, putting significant pressure on domestic energy costs in countries like Pakistan. Several senior officials, including Finance Minister Mohammad Aurangzeb and Petroleum Minister Ali Pervez Malik, attended the meeting.
The government says the decision was taken to maintain economic balance and avoid direct burden on ordinary people, but the increased cost of luxury fuels will increase the cost of operating high-end vehicles.
