Islamabad, June 20, 2025 – A storm is brewing in Pakistan’s Parliament as lawmakers in the Senate have strongly opposed the proposed carbon levy included in the Finance Bill 2025-26.
(more…)Tag: petroleum levy
-
Government gains power to impose unlimited petroleum levy
Islamabad, June 12, 2025 – Brace yourselves, Pakistan! A storm is brewing at the fuel pump as the government has now armed itself with unrestricted power to impose unlimited petroleum levy on fuel products.
(more…) -
Govt sets Rs1.47 trillion petroleum levy target FY26
In a major revenue-generating initiative, the federal government has set a target of Rs1.47 trillion in petroleum levy collection for the upcoming fiscal year 2025-26, reflecting a sharp 26.4% increase compared to revised estimates of the current fiscal year. This aggressive approach is outlined in the Finance Bill 2025-26 and underscores the government’s reliance on non-divisible revenue sources to meet fiscal targets.
(more…) -
Pakistan introduces carbon levy at Rs2.50 per liter for FY26
Islamabad, June 10, 2025 – In a landmark move toward environmental sustainability and fiscal reform, the Government of Pakistan has officially introduced a carbon levy on petroleum products for the first time in its history.
(more…) -
Pakistan to raise petroleum levy to Rs100 per liter: report
Islamabad, May 20, 2025 — In a move set to impact fuel prices nationwide, Pakistan is preparing to hike the petroleum levy to Rs100 per liter starting July 2025, according to a report published by The News.
(more…) -
Petroleum levy yields Rs834 billion for government in 9MFY25
Islamabad, May 10, 2025 – The federal government has reported a substantial increase in revenue collected from the petroleum levy, reaching a total of Rs834 billion during the first nine months (July–March) of the current fiscal year, according to official data released by the Ministry of Finance.
(more…) -
Government eyes Rs90 billion windfall via hike in petroleum levy
Islamabad: The federal government is set to generate an additional Rs90 billion in revenue during the final three and a half months of the current fiscal year by significantly raising the petroleum levy on key fuel products.
(more…) -
Petroleum Levy Collection Surges to Rs 262 Billion in 1QFY25
Islamabad, November 2, 2024 – Pakistan’s petroleum levy collection has recorded a robust surge, reaching Rs 262 billion in the first quarter of the fiscal year 2024-25, according to a report released by the Ministry of Finance.
(more…) -
Government Collects Rs 1.02 Trillion Petroleum Levy in FY24
Karachi, July 31, 2024 – The Ministry of Finance announced on Wednesday that the government collected a staggering Rs 1.02 trillion as petroleum levy during the fiscal year 2023-24.
(more…) -
Government Unveils Petroleum Levy Collection Plan till FY27
Karachi, July 21, 2024 – The Pakistani government has unveiled a comprehensive strategy for the collection of petroleum levy, a crucial non-tax revenue source, with ambitious targets set through the fiscal year 2026-27.
(more…)