Tax Expenditure Report 2026 says exemption on petroleum products remains one of Pakistan’s largest tax expenditures
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Government proposes Rs80 per litre FED on petroleum products
Finance Bill 2026 proposes new excise duty on petroleum products including naphtha, white spirit and solvent oil.
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Pakistan Petrol Consumption Rises 3.5% in FY 2026 Despite High Prices
Transport sector leads demand surge as imports and energy costs climb amid global oil volatility
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Govt bans high-octane fuel for official cars amid crisis
Islamabad, March 24, 2026 – Prime Minister Shehbaz Sharif has imposed an immediate ban on the use of high-octane petrol in government vehicles as part of sweeping austerity measures aimed at reducing fuel expenditures amid the ongoing energy crisis.
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How much fuel Pakistan has now? Petrol monitoring committee explains
Islamabad, March 16, 2026 – Pakistan currently has comfortable stocks of crude oil and petroleum products, with supply arrangements secured until mid-April, according to officials briefing the government’s petrol monitoring body on Monday.
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Senate told Pakistan imports 70% petrol via Strait of Hormuz
Islamabad, March 16, 2026 – Pakistan imports nearly 70 percent of its petrol through the Strait of Hormuz, making the country highly dependent on the strategic maritime route for fuel supplies, the Senate Standing Committee on Petroleum was informed on Monday.
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All You Need to Know: PM Shehbaz’s Bold Austerity Measures Amid Fuel Shocks
Islamabad, March 9, 2026 – In a decisive move to shield Pakistan from the cascading effects of the ongoing Middle East conflict, Prime Minister Shehbaz Sharif announced sweeping austerity measures aimed at conserving fuel and curbing government expenditures.
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Pakistan braces for economic belt-tightening amid Middle East unrest
Islamabad, March 8, 2026 — Shehbaz Sharif, Prime Minister of Pakistan, is set to unveil the government’s austerity and savings plan on Monday, aimed at stabilizing the national economy amid rising global fuel prices caused by the ongoing US-Israel-Iran conflict.
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Aurangzeb, Maryam Nawaz review petroleum reserves in Punjab
Lahore, March 8, 2026 — Muhammad Aurangzeb, Pakistan’s Minister for Finance and Revenue, on Sunday met Maryam Nawaz, Chief Minister of Punjab, Pakistan, to review the supply, demand, and reserves of petroleum products across the province amid the evolving regional situation.
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Three petrol ships expected in Pakistan amid rising global oil prices
Karachi, March 8, 2026 – Pakistan is set to receive three petrol shipments on Monday, March 9, 2026, officials confirmed during a high-level meeting chaired by Syed Murad Ali Shah with federal ministers on Sunday.
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