B0261 Holden Lx is defined as Knock Sensor Circuit Range Performance (Bank 1 or Single Sensor). This refers to camshaft timing, which in this case is over-retarded. The PCM then uses this data to provide the right strategies for the fuel delivery and ignition timing of the engine.
Possible Causes :
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Find out what kind of system you have and verify that voltage to the fuel level sensor is present at the fuel pump wiring harness. If all testing has passed so far yet you still have the same code, check your scan tool and see if it can open and close the IMRC valve.
Diagnostic trouble code B0261 Holden Lx is not difficult to diagnose and repair. Thus, it always pays to have a qualified technician to look after your vehicle should this error code arise.
Diagnosing this code requires the engine to be in good running shape, without unmetered air entering the engine. If other codes that relates to misfiring condition, lean running or air entering the engine is present, then you must first fix those error codes before B0261 Holden Lx.
Fortunately, B0261 Holden Lx is a fairly common OBD code, meaning that it applies to all makes and models of vehicles made after 1996.