On December 15, 2024, the Pakistani government announced that the petrol price would remain unchanged at Rs252.10 per litre for the next fortnight. However, the price of high-speed diesel (HSD) has decreased by Rs3.5 to Rs255.38 per litre. Additionally, light diesel oil prices were reduced by Rs2.78 to Rs148.95, and kerosene oil prices decreased by Rs3.32 to Rs161.66. This decision follows a previous increase in petrol prices by Rs3.72 and HSD by Rs3.29 last month. The adjustments come as international oil prices have risen about 2% on December 13, 2024, with Brent futures reaching $74.49 per barrel. In response to these fluctuations, the government has also increased the maximum petroleum levy from Rs60 to Rs70 per litre in the fiscal year budget, aiming to collect Rs1.28 trillion. Currently, approximately Rs78 per litre in taxes is imposed on both petrol and HSD. This policy reflects the government's ongoing efforts to balance consumer relief with revenue generation amidst volatile global oil markets. [e8b3a22d]