Islamabad, Mar 16 2025: The federal government has opted to keep petroleum prices unchanged by increasing the petroleum levy by Rs. 10/Liter on petrol and high-speed diesel, effectively passing up the chance to ease fuel costs for consumers.
According to sources, the levy on petrol and diesel has been raised by Rs. 10 per liter, bringing it from Rs. 60 to Rs. 70 per liter.
This decision aligns with the conditions set by the International Monetary Fund (IMF), which had specifically demanded this increase as part of Pakistan’s ongoing loan program requirements.
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The move was essential for securing the next installment of the IMF loan, as authorities work to address revenue shortfalls. Financial analysts, including Muhammad Sohail, CEO of Topline Securities.
Suggest that the government is leveraging this hike to compensate for tax collection gaps while simultaneously planning relief measures in electricity bills through other tax adjustments.
By increasing the Petroleum Levy by Rs. 10/Liter, the government has effectively prevented a potential reduction in fuel prices, keeping financial pressure on consumers while ensuring compliance with international lending agreements.
