The federal government has decided to remove the cap on the Petroleum Development Levy (PDL) to charge a levy of over Rs. 100 per liter and generate Rs. 194 billion from the next fiscal year 2025-26. Sources told that Pakistan will increase the PDL beyond the current level of Rs. 78 per liter on petroleum … Read more
The government collected Rs 907 billion through the petroleum levy (PDL) in 11 months. Oil marketing companies reported a 7% year-on-year increase in sales in May 2024. Diesel sales grew by 18% in May due to the harvest season and price reductions. Karachi: The government has successfully surpassed its petroleum development levy (PDL) collection target, … Read more
The federal government is contemplating imposing a carbon tax on petroleum and similar products or raising the petroleum levy threshold up to Rs. 100 per liter in the upcoming budget. This move comes in response to pressure from the International Monetary Fund (IMF), as reported by Dawn. The IMF is advocating for an integrated general … Read more
Could petrol prices in Pakistan experience another significant increase in the near future? There is a possibility, as suggested by media reports. During discussions for a new loan installment, officials have indicated a potential rise in the petroleum levy (PL). Currently, the government imposes a PL of Rs. 60 per liter on both petrol and … Read more
Sajal Aly criticised the federal government for rising oil prices on Instagram. Mom celebrity called this a “petrol bomb”. The federal government will raise the price of petroleum products by Rs15-18 per litre on Thursday for the next two weeks. The actor Sajal Aly slammed the federal government on her Instagram stories after they said … Read more
Petrol prices in Pakistan dropped by Rs 5 amid decline in international oil prices by government of Pakistan but at the same time taxes on petroleum products have been increased by 5% i.e. Rs. 4.7 per litre. In February, per litre price of petrol was Rs 116.6 which included Rs. 32 in government taxes. In … Read more
