Islamabad: Consumers in Pakistan paid the highest petrol and diesel prices in the country’s history during fiscal year 2025-26. The year also imposed a record petroleum levy burden on motorists, increasing transportation and living costs. The sharp fuel prices affected households, businesses, and the wider economy. According to official data, the fiscal year ending on […]
petroleum levy Pakistan
Government raises fuel petroleum levy
The government has increased the petroleum levy on petrol and diesel while keeping retail fuel prices unchanged for the next week. The revised levy raises additional revenue without changing pump prices. Consumers will continue paying the same prices despite the tax adjustment. According to Petroleum Division sources, the levy on high-speed diesel has increased by […]
Govt proposes higher petroleum levy targets
The government has proposed a significant increase in petroleum levy targets for the upcoming fiscal year. The proposal was presented by Finance Minister Muhammad Aurangzeb during the National Assembly budget session. The move is part of broader efforts to boost non-tax revenue. It reflects a shift toward higher indirect revenue collection. According to budget details, […]