diff --git a/prdoc/pr_9945.prdoc b/prdoc/pr_9945.prdoc
new file mode 100644
index 000000000000..5219d461ec7e
--- /dev/null
+++ b/prdoc/pr_9945.prdoc
@@ -0,0 +1,8 @@
+title: pallet-revive update basefee instruction
+doc:
+- audience: Runtime Dev
+  description: The base fee instruction now returns the proper base price instead
+    of a hard coded value.
+crates:
+- name: pallet-revive
+  bump: major
diff --git a/substrate/frame/revive/src/benchmarking.rs b/substrate/frame/revive/src/benchmarking.rs
index f0aa4ce7b407..b8d03c8d015c 100644
--- a/substrate/frame/revive/src/benchmarking.rs
+++ b/substrate/frame/revive/src/benchmarking.rs
@@ -994,7 +994,7 @@ mod benchmarks {
 		{
 			result = runtime.bench_gas_price(memory.as_mut_slice());
 		}
-		assert_eq!(U256::from(result.unwrap()), <Pallet<T>>::evm_gas_price());
+		assert_eq!(U256::from(result.unwrap()), <Pallet<T>>::evm_base_fee());
 	}
 
 	#[benchmark(pov_mode = Measured)]
@@ -1006,7 +1006,7 @@ mod benchmarks {
 			result = runtime.bench_base_fee(memory.as_mut_slice(), 0);
 		}
 		assert_ok!(result);
-		assert_eq!(U256::from_little_endian(&memory[..]), U256::zero());
+		assert_eq!(U256::from_little_endian(&memory[..]), <crate::Pallet<T>>::evm_base_fee());
 	}
 
 	#[benchmark(pov_mode = Measured)]
diff --git a/substrate/frame/revive/src/evm/call.rs b/substrate/frame/revive/src/evm/call.rs
index 420068a70d59..0b6326d488be 100644
--- a/substrate/frame/revive/src/evm/call.rs
+++ b/substrate/frame/revive/src/evm/call.rs
@@ -55,7 +55,7 @@ where
 	T: Config,
 	CallOf<T>: SetWeightLimit,
 {
-	let base_fee = <Pallet<T>>::evm_gas_price();
+	let base_fee = <Pallet<T>>::evm_base_fee();
 
 	let Some(gas) = tx.gas else {
 		log::debug!(target: LOG_TARGET, "No gas provided");
diff --git a/substrate/frame/revive/src/evm/runtime.rs b/substrate/frame/revive/src/evm/runtime.rs
index 9d34d65a7856..a09ce71f4033 100644
--- a/substrate/frame/revive/src/evm/runtime.rs
+++ b/substrate/frame/revive/src/evm/runtime.rs
@@ -291,7 +291,7 @@ pub trait EthExtra {
 			InvalidTransaction::BadProof
 		})?;
 		let signer = <Self::Config as Config>::AddressMapper::to_fallback_account_id(&signer_addr);
-		let base_fee = <Pallet<Self::Config>>::evm_gas_price();
+		let base_fee = <Pallet<Self::Config>>::evm_base_fee();
 		let tx = GenericTransaction::from_signed(tx, base_fee, None);
 		let nonce = tx.nonce.unwrap_or_default().try_into().map_err(|_| {
 			log::debug!(target: LOG_TARGET, "Failed to convert nonce");
@@ -406,7 +406,7 @@ mod test {
 			Self::fund_account(&account);
 
 			let dry_run = crate::Pallet::<Test>::dry_run_eth_transact(self.tx.clone());
-			self.tx.gas_price = Some(<Pallet<Test>>::evm_gas_price());
+			self.tx.gas_price = Some(<Pallet<Test>>::evm_base_fee());
 
 			match dry_run {
 				Ok(dry_run) => {
diff --git a/substrate/frame/revive/src/exec.rs b/substrate/frame/revive/src/exec.rs
index b62faaba7ca3..0ce7dbd42e74 100644
--- a/substrate/frame/revive/src/exec.rs
+++ b/substrate/frame/revive/src/exec.rs
@@ -2192,7 +2192,7 @@ where
 	fn effective_gas_price(&self) -> U256 {
 		self.exec_config
 			.effective_gas_price
-			.unwrap_or_else(|| <Contracts<T>>::evm_gas_price())
+			.unwrap_or_else(|| <Contracts<T>>::evm_base_fee())
 	}
 }
 
diff --git a/substrate/frame/revive/src/lib.rs b/substrate/frame/revive/src/lib.rs
index a4ff10ce5284..b5224f8d7614 100644
--- a/substrate/frame/revive/src/lib.rs
+++ b/substrate/frame/revive/src/lib.rs
@@ -1414,7 +1414,7 @@ impl<T: Config> Pallet<T> {
 		let origin = T::AddressMapper::to_account_id(&tx.from.unwrap_or_default());
 		Self::prepare_dry_run(&origin);
 
-		let base_fee = Self::evm_gas_price();
+		let base_fee = Self::evm_base_fee();
 		let effective_gas_price = tx.effective_gas_price(base_fee).unwrap_or(base_fee);
 
 		if effective_gas_price < base_fee {
@@ -1709,7 +1709,7 @@ impl<T: Config> Pallet<T> {
 	}
 
 	/// Get the base gas price.
-	pub fn evm_gas_price() -> U256 {
+	pub fn evm_base_fee() -> U256 {
 		let multiplier = T::FeeInfo::next_fee_multiplier();
 		multiplier.saturating_mul_int::<u128>(T::NativeToEthRatio::get().into()).into()
 	}
@@ -2269,7 +2269,7 @@ macro_rules! impl_runtime_apis_plus_revive_traits {
 				}
 
 				fn gas_price() -> $crate::U256 {
-					$crate::Pallet::<Self>::evm_gas_price()
+					$crate::Pallet::<Self>::evm_base_fee()
 				}
 
 				fn nonce(address: $crate::H160) -> Nonce {
diff --git a/substrate/frame/revive/src/tests/pvm.rs b/substrate/frame/revive/src/tests/pvm.rs
index eb92d7a73439..aef961d812fb 100644
--- a/substrate/frame/revive/src/tests/pvm.rs
+++ b/substrate/frame/revive/src/tests/pvm.rs
@@ -3375,7 +3375,7 @@ fn gas_price_api_works() {
 		assert_eq!(received.flags, ReturnFlags::empty());
 		assert_eq!(
 			u64::from_le_bytes(received.data[..].try_into().unwrap()),
-			u64::try_from(<Pallet<Test>>::evm_gas_price()).unwrap(),
+			u64::try_from(<Pallet<Test>>::evm_base_fee()).unwrap(),
 		);
 	});
 }
@@ -3394,7 +3394,10 @@ fn base_fee_api_works() {
 		// Call the contract: It echoes back the value returned by the base fee API.
 		let received = builder::bare_call(addr).build_and_unwrap_result();
 		assert_eq!(received.flags, ReturnFlags::empty());
-		assert_eq!(U256::from_little_endian(received.data[..].try_into().unwrap()), U256::zero());
+		assert_eq!(
+			U256::from_little_endian(received.data[..].try_into().unwrap()),
+			<Pallet<Test>>::evm_base_fee(),
+		);
 	});
 }
 
diff --git a/substrate/frame/revive/src/tests/sol/block_info.rs b/substrate/frame/revive/src/tests/sol/block_info.rs
index a1c7c9c2642e..94d5f8f5198b 100644
--- a/substrate/frame/revive/src/tests/sol/block_info.rs
+++ b/substrate/frame/revive/src/tests/sol/block_info.rs
@@ -137,7 +137,7 @@ fn gaslimit_works(fixture_type: FixtureType) {
 /// Tests that the basefee opcode works as expected.
 #[test_case(FixtureType::Solc)]
 #[test_case(FixtureType::Resolc)]
-fn basefee_works(fixture_type: FixtureType) {
+fn base_fee_works(fixture_type: FixtureType) {
 	let (code, _) = compile_module_with_type("BlockInfo", fixture_type).unwrap();
 	ExtBuilder::default().build().execute_with(|| {
 		let _ = <Test as Config>::Currency::set_balance(&ALICE, 100_000_000_000);
@@ -148,7 +148,7 @@ fn basefee_works(fixture_type: FixtureType) {
 			.data(BlockInfo::BlockInfoCalls::basefee(BlockInfo::basefeeCall {}).abi_encode())
 			.build_and_unwrap_result();
 		let decoded = BlockInfo::basefeeCall::abi_decode_returns(&result.data).unwrap();
-		assert_eq!(0u64, decoded);
+		assert_eq!(<crate::Pallet<Test>>::evm_base_fee().as_u64(), decoded);
 	});
 }
 
diff --git a/substrate/frame/revive/src/tests/sol/tx_info.rs b/substrate/frame/revive/src/tests/sol/tx_info.rs
index 6a4f0c2b0a61..a2072ab67a98 100644
--- a/substrate/frame/revive/src/tests/sol/tx_info.rs
+++ b/substrate/frame/revive/src/tests/sol/tx_info.rs
@@ -46,7 +46,7 @@ fn gasprice_works(fixture_type: FixtureType) {
 			)
 			.build_and_unwrap_result();
 		let decoded = TransactionInfo::gaspriceCall::abi_decode_returns(&result.data).unwrap();
-		assert_eq!(<Pallet<Test>>::evm_gas_price().as_u64(), decoded);
+		assert_eq!(<Pallet<Test>>::evm_base_fee().as_u64(), decoded);
 	});
 }
 
diff --git a/substrate/frame/revive/src/vm/evm.rs b/substrate/frame/revive/src/vm/evm.rs
index 04fd659215d3..23232f3512d8 100644
--- a/substrate/frame/revive/src/vm/evm.rs
+++ b/substrate/frame/revive/src/vm/evm.rs
@@ -19,7 +19,6 @@ use crate::{
 	vm::{evm::instructions::exec_instruction, BytecodeType, ExecResult, Ext},
 	weights::WeightInfo,
 	AccountIdOf, CodeInfo, Config, ContractBlob, DispatchError, Error, Weight, H256, LOG_TARGET,
-	U256,
 };
 use alloc::vec::Vec;
 use core::{convert::Infallible, ops::ControlFlow};
@@ -48,11 +47,6 @@ mod util;
 /// opcode. The value is aligned with the difficulty hardcoded for PVM contracts.
 pub(crate) const DIFFICULTY: u64 = 2500000000000000_u64;
 
-/// The base fee per gas used in the network as defined by EIP-1559.
-///
-/// For `pallet-revive`, this is hardcoded to 0
-pub(crate) const BASE_FEE: U256 = U256::zero();
-
 /// Cost  for a single unit of EVM gas.
 #[derive(Eq, PartialEq, Debug, Clone, Copy)]
 pub struct EVMGas(u64);
diff --git a/substrate/frame/revive/src/vm/evm/instructions/block_info.rs b/substrate/frame/revive/src/vm/evm/instructions/block_info.rs
index b2d236e22c79..c73881cf2435 100644
--- a/substrate/frame/revive/src/vm/evm/instructions/block_info.rs
+++ b/substrate/frame/revive/src/vm/evm/instructions/block_info.rs
@@ -17,7 +17,7 @@
 
 use crate::{
 	vm::{
-		evm::{interpreter::Halt, EVMGas, Interpreter, BASE_FEE, DIFFICULTY},
+		evm::{interpreter::Halt, EVMGas, Interpreter, DIFFICULTY},
 		Ext,
 	},
 	Error, RuntimeCosts,
@@ -85,7 +85,7 @@ pub fn gaslimit<E: Ext>(interpreter: &mut Interpreter<E>) -> ControlFlow<Halt> {
 /// EIP-3198: BASEFEE opcode
 pub fn basefee<E: Ext>(interpreter: &mut Interpreter<E>) -> ControlFlow<Halt> {
 	interpreter.ext.charge_or_halt(RuntimeCosts::BaseFee)?;
-	interpreter.stack.push(BASE_FEE)?;
+	interpreter.stack.push(crate::Pallet::<E::T>::evm_base_fee())?;
 	ControlFlow::Continue(())
 }
 
diff --git a/substrate/frame/revive/src/vm/pvm/env.rs b/substrate/frame/revive/src/vm/pvm/env.rs
index 49f54ce3532d..c4a7fff999fa 100644
--- a/substrate/frame/revive/src/vm/pvm/env.rs
+++ b/substrate/frame/revive/src/vm/pvm/env.rs
@@ -660,7 +660,7 @@ pub mod env {
 		Ok(self.write_fixed_sandbox_output(
 			memory,
 			out_ptr,
-			&U256::zero().to_little_endian(),
+			&Pallet::<E::T>::evm_base_fee().to_little_endian(),
 			false,
 			already_charged,
 		)?)