Climate Support Levy

The government increased petrol prices by Rs13.18 per litre to Rs310.71 and diesel by Rs13.80 to Rs323.30, effective July 11. The hikes follow a rise from Rs281 for diesel and Rs266 for petrol after the US-Iran war began on February 28, with diesel peaking at Rs520.35 and petrol at Rs458.41 in April. IMF conditions led to a doubled climate support levy of Rs5 per litre from July 1, alongside reduced petroleum levies.

Jamaat-i-Islami Pakistan chief Hafiz Naeemur Rehman announced nationwide protests against the government's 'extortionary' petroleum levy, citing high taxes on petrol and diesel, misuse of climate support levy funds, and rising energy prices. The protests are scheduled for Friday, July 10, with demands for lower petrol prices and government action on energy infrastructure and regional disputes.

The government reduced petrol and diesel prices by Rs1.97 per litre, effective immediately until July 10, reflecting lower global prices. Diesel prices peaked at Rs520.35 on April 3, while petrol reached Rs458.41. Tax adjustments, including a doubled climate support levy, influenced the price cuts.

The government reduced petrol prices by Rs4 per litre to Rs377.79, marking the fourth consecutive weekly decrease, while diesel prices remained unchanged at Rs380.78 per litre. Taxes and levies were adjusted to maintain diesel prices, which had previously peaked at Rs520.35.