Prime Minister Shehbaz Sharif has ordered a significant increase in the levy on high-octane fuel, raising it by Rs200 per litre. This decision, announced on Sunday, specifically targets fuel used in luxury vehicles. The prime minister chaired a virtual meeting where the matter of fuel levies for more expensive cars was discussed and subsequently acted upon.

The previous levy stood at Rs100 per litre, but with this new directive, consumers will now face a Rs300 per litre charge on high-octane fuel. This move is intended to place a greater financial burden on the country’s wealthiest citizens. Officials state that this increase is designed to ease pressure on the national economy and ensure that the richest segment of society contributes more.

Authorities anticipate that this adjustment will generate substantial savings for the government, estimating monthly revenue of Rs9 billion. This additional revenue is earmarked for initiatives aimed at providing relief to the general populace. The government has stressed that this measure is not intended to impact the cost of essential transportation for ordinary citizens.

Crucially, the price of fuel used in vehicles typically driven by lower and middle-income families will remain unchanged. The Prime Minister’s Office explicitly stated that this hike would not lead to an increase in public transport fares or air travel costs. This targeted approach aims to protect those who rely on more economical modes of transportation.

The prime minister had previously taken note of the existing high-octane fuel prices and instructed the relevant ministry to develop a comprehensive action plan. This latest decision reflects a commitment to rebalancing economic burdens and ensuring a fairer contribution from different segments of society towards national financial stability.