The Muttahida Qaumi Movement-Pakistan (MQM-P) has called on the government to abolish the petroleum levy and broaden tax collection by targeting wealthy segments of society, arguing that the current tax structure places an excessive burden on ordinary citizens. Read More: Govt undoes relief to salaried class; slaps Rs 50/litre fuel levy The demand was made by […]
petroleum levy
Petroleum levy collections surpass IMF loan amount
The federal government has collected more than Rs2.7 trillion in petroleum levy from citizens over the past two years, according to official documents, with the amount reportedly exceeding the combined value of Pakistan’s two ongoing International Monetary Fund (IMF) loan programmes. Read More: IMF seeks higher petroleum levy target Documents revealed that from April 2024 to March 2026, […]
Petroleum levy collections cross Rs1.2 trillion in nine months
Documents presented in the National Assembly revealed that the government collected more than Rs1.2 trillion from consumers through petroleum levy during the first nine months of the current fiscal year. The figures highlighted the growing financial burden on fuel consumers as authorities continued relying heavily on petroleum-related charges to support revenue collection and manage fiscal […]
Breakdown of fuel pricing reveals Rs153 per litre tax petrol and Rs116 on diesel in Pakistan
A detailed breakdown of petroleum pricing in Pakistan has revealed that a significant portion of the retail price of petrol and high-speed diesel consists of taxes, duties, and profit margins, raising renewed debate over fuel affordability for consumers. Read More: Govt raises petrol by Rs6.51 per litre, diesel prices by Rs19.39 per leter from May 1 According to […]
Pakistan’s fuel prices increase compared to March 2022
Islamabad – Pakistan’s fuel prices have seen a significant increase compared to March 2022, reflecting both global market volatility and domestic taxation policies. On April 3, 2026, petrol is priced at Rs 458.49 per litre and high-speed diesel at Rs 520.35 per litre, marking a dramatic rise from the rates observed four years ago. Read […]
Pakistan raises petrol to Rs458.41 and diesel to Rs520.35 amid global crisis
Pakistan government has announced a steep increase in fuel prices, raising petrol to Rs458.41 per litre and high-speed diesel to Rs520.35 per litre amid a worsening global energy crisis. The move was confirmed by Petroleum Minister Ali Pervaiz Malik and Finance Minister Muhammad Aurangzeb during a joint press conference. Read More: The government has announced […]
The government has announced a significant increase in petroleum prices
The government has announced a significant increase in petroleum prices, marking the largest hike in the country’s history. In a joint press conference, Petroleum Minister Ali Pervaiz Malik and Finance Minister Muhammad Aurangzeb confirmed that petrol prices have been raised by Rs137.24 per litre, bringing the new price to Rs458.41 per litre. Similarly, diesel prices […]
PM Shehbaz Sharif has directs talks with IMF on petroleum levy
Prime Minister Shehbaz Sharif has directed the Finance Division to engage with the International Monetary Fund (IMF) over the structure of petroleum levy imposed on petrol and diesel, aiming to shield the public from rising global oil prices. Read More: Govt plans Rs 5 fuel levy hike ahead of IMF deal According to official sources, the prime minister issued […]
Fuel prices held steady as government raises petroleum levy
The government on Thursday kept the prices of petrol and high-speed diesel (HSD) unchanged for the next fortnight, while increasing the petroleum levy on both fuel. Read More: Petroleum rates may drop from January 16 According to a statement issued by the Petroleum Division, petrol will continue to retail at Rs253.17 per litre and HSD at […]
Pakistan’s petroleum levy to hit record by 2030
Pakistan is expected to collect Rs1,468 billion from the petroleum levy in the current fiscal year, according to an IMF report. Citizens are already facing a heavy financial burden from the levy, which the government plans to increase annually over the next few years. The levy applies to all petroleum products, including petrol, diesel, and […]