6 h. ago Govt to pass rising oil costs to consumers, keeps petroleum Levy unchanged

The government has decided not to increase the Petroleum Development Levy (PDL) despite rising oil prices caused by tensions in the Middle East. Instead, the extra cost will be passed directly to consumers. This announcement came from the Finance Secretary during a briefing to the National Assembly Standing Committee on Finance and Revenue, chaired by […]

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52 h. ago Petrol, diesel prices likely to rise again as global oil costs surge

ISLAMABAD – Fuel prices in Pakistan are expected to rise once again for the next 15 days, with petrol likely to go up by Rs1.12 and diesel by Rs5.27 per litre, sources revealed on Sunday. The increase comes in response to rising global oil prices. According to insiders, the Oil Companies Advisory Council (OCAC) has […]

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3 d. ago Govt to enforce Rs77 petroleum levy and Rs5 carbon levy from july 1

The federal government will impose a Rs77 per litre petroleum levy and Rs5 per litre carbon levy on petrol, diesel, and furnace oil from July 1, 2025. This decision is part of Pakistan’s agreement with the International Monetary Fund (IMF) under the Resilience and Sustainability Facility (RSF) to promote climate resilience and stabilize the economy. […]

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3 d. ago Fuel prices to spike june 16 as govt sets up watchdog committee

The government announced that petrol and diesel prices will rise starting June 16 due to a sharp surge in global oil prices. This increase follows recent missile exchanges between Israel and Iran, which have unsettled oil markets worldwide. The ex-depot price of high-speed diesel (HSD) may increase by about Rs 5 per litre, affecting transport […]

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3 d. ago Rising oil prices threaten Pakistan’s Rs 1.16 trillion petroleum levy goal

The federal government of Pakistan may miss its target to collect Rs 1,161 billion in petroleum levy this fiscal year. The recent surge in global oil prices, triggered by the Israel-Iran conflict, has pushed up fuel costs both internationally and domestically. This increase threatens the government’s expected revenue from fuel taxes. After Israel’s attacks on […]

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7 d. ago Petrol prices to rise as carbon levy proposed in Budget 2025

ISLAMABAD – Imposition of a carbon levy on petroleum products has been proposed in the federal budget for the fiscal

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8 d. ago Pakistan’s power capacity reaches 46,605 MW, but idle plants push cost burden on consumers

ISLAMABAD – Pakistan’s electricity generation capacity has hit a new high of 46,605 megawatts during the current fiscal year, but the rise is adding financial pressure on consumers due to payments to idle power plants. According to the Economic Survey 2024–25, the country’s total installed capacity grew by 1.6% compared to the same period last […]

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2 w. ago Oil sales rise 10% in may as smuggling drops and demand improves

Oil sales in Pakistan rose 10% year-on-year in May 2025, reaching 1.53 million tons. The increase was also 5% higher than the previous month. Experts link this rise to multiple factors. These include cheaper fuel prices, higher diesel demand due to wheat harvesting, reduced fuel smuggling, and signs of better economic activity. From July 2024 […]

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4 w. ago  Govt plans to raise petroleum levy over Rs100 per litre in IMF talks

The Pakistani government and the International Monetary Fund (IMF) have agreed to increase petroleum-related taxes in the next fiscal year. Sources say both sides discussed applying a Rs5 carbon levy on petroleum products. The proposal also includes raising the petroleum levy to more than Rs100 per litre. These steps aim to meet IMF revenue targets. […]

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4 w. ago Record petrol levy hike expected from july as govt plans Rs194 billion increase

ISLAMABAD – Starting July 1, 2025, Pakistani citizens may face the highest petroleum levy in the country’s history, as the government prepares to impose an additional burden of Rs194 billion in the upcoming fiscal year. This increase is part of the government’s target to collect Rs1,311 billion in petroleum levy during the 2025–26 financial year. […]

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