The federal government has collected Rs220 billion in petroleum levy during the first two months of fiscal year 2026-27, covering July and August. The collection represents an initial contribution towards the government’s annual petroleum levy revenue target of Rs1.676 trillion. According to the available figures, petroleum levy receipts during the opening months indicate progress towards…
Pakistan’s federal government has reduced the price of petrol by Rs3.19 per litre while increasing the price of high-speed diesel by Rs2.25 per litre. The revised rates took effect on October 28, according to a notification issued by the Petroleum Division, introducing another adjustment in domestic fuel prices. Under the new rates, petrol now costs…
Petroleum dealers across Pakistan have urged consumers to avoid panic buying amid concerns about a possible fuel shortage, saying excessive purchases could create artificial supply disruptions. The appeal comes as negotiations between the government and Jamaat-i-Islami (JI) over reducing the petroleum levy remain unresolved. Pakistan Petroleum Dealers Association (PPDA) Chairman Malik Khuda Baksh said fuel…
ISLAMABAD: Petrol and high-speed diesel (HSD) prices have increased in Pakistan, adding to the fuel burden on consumers amid continued volatility in international oil markets. According to a notification issued by the Petroleum Division, the price of petrol has been increased by Rs4.10 per litre, taking the new price to Rs384.34 per litre. The price…
The federal government is considering a monthly financial relief package of around Rs2,000 for motorcycle owners as rising petrol prices continue to put pressure on household budgets. Prime Minister Shehbaz Sharif has given the go-ahead for the proposed relief scheme, which is expected to initially run for three months. Officials said the programme could be…
Jamaat-e-Islami (JI) has ended its sit-in in Rawalpindi against the petroleum levy and rising inflation, while protests by the party in Karachi and Lahore continue. A JI delegation is scheduled to meet the government’s negotiating team to discuss the party’s demands, with a reduction in petrol prices and relief from rising living costs among the…
ISLAMABAD: Consumers across Pakistan are facing a significant financial burden as taxes, levies and various margins account for a substantial portion of petrol and high-speed diesel prices. According to the latest price breakdown, motorists are paying Rs130.75 in taxes, levies and margins on every litre of petrol. The additional charges on high-speed diesel amount to…
per litre, providing partial relief to consumers following a decline in international oil prices. The revised fuel prices came into effect immediately and will remain applicable until July 10, 2026. According to the official notification, the ex-depot price of petrol has been reduced from Rs299.50 to Rs297.53 per litre, while the price of high-speed diesel…
The federal government of Pakistan has revised the taxation structure on petrol and high-speed diesel by increasing the Climate Support Levy (CSL) while simultaneously reducing the Petroleum Levy (PL) by the same amount, ensuring that fuel prices remain unchanged for consumers. According to official notifications issued by the Petroleum Division, the Climate Support Levy on…
