Prime Minister Shehbaz Sharif has approved a significant increase in the levy on high-octane fuel used in luxury vehicles, raising it from Rs100 per litre to Rs300 per litre, according to an official statement.
Chairing a meeting via video link, the prime minister directed that the levy on high-octane fuel be increased so that the wealthy segment contributes more to the economy. He said the move would reduce the burden on national resources and generate additional revenue, which will be used to provide relief to the public.
Officials stated that the decision is expected to save the government approximately Rs9 billion per month. The prime minister emphasized that the savings will be passed on to the public in the form of relief measures.