The federal government is currently collecting Rs. 118.76 per litre in taxes, levies and industry margins on petrol, while Rs. 110.65 per litre is being charged on high-speed diesel.
The base cost of petrol stands at Rs. 178.77 per litre. That’s 40 percent over the retail price of Rs. 297.53 per litre.
A substantial portion of the retail prices of petrol and diesel consists of government levies, duties and distribution margins rather than the underlying cost of the fuel itself.
Petrol
The difference includes Rs. 70.36 in petroleum levy, Rs. 5 in climate support levy, Rs. 19.33 in customs duty, Rs. 6.86 as Inland Freight Equalization Margin (IFEM), Rs. 7.87 as the oil marketing companies’ margin, and Rs. 8.64 as the dealers’ margin.
Diesel
For high-speed diesel (HSD), the base cost is Rs. 198.85 per litre, while consumers are paying Rs. 309.50 per litre.
The gap of Rs. 110.65 per litre comprises petroleum levy, customs duty, climate support levy, freight adjustments and margins for oil marketing companies and fuel dealers.
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Yeah we already know most of it. That’s how it is. Lumber 1 gets most of their oil for free.
We have to pay their share as well. Not to mention no oil company wants loss . So they take nothing less then their approved price.
This is how FBR is bridging the gap between taxes. By exempting rich and cronies of powerful and extracting every single drop of blood of poor people.
I even doubt 179/L cost.. it seems to be around 130/L.
120/L as per international Fuel Price and 10 rupees per Liter is the refinery cost.
170/L is going straight into Form 47 Govt pockets..