Pakistan, July 3 -- The federal government has decided to double the Climate Support Levy on petrol and diesel to Rs5 per litre, offsetting the increase with an equivalent cut in the Petroleum Levy so that retail fuel prices remain unchanged for consumers.

The Petroleum Division late Wednesday issued notifications confirming that the revised levies came into effect from July 2.

Under the new notification, the Climate Support Levy on both petrol and diesel has been increased by Rs2.50 per litre, taking the levy from Rs2.50 to Rs5 per litre.

The same increase has also been applied to the high-octane blending component (HOBC).

To offset the increase in the Climate Support Levy, the government has reduced the Petroleum Levy on petrol and ...