Islamabad: New estimates regarding petroleum levy collections in Pakistan have emerged, highlighting a concerning economic situation and growing financial pressure on citizens.
According to the latest IMF report, the total petroleum levy collections for the ongoing fiscal year 2025–26 are estimated to reach Rs 1,468 billion, out of which the government has already collected over Rs 650 billion within the first five and a half months.
The report further states that in the upcoming fiscal year 2026–27, petroleum levy collections may rise to Rs 1,638 billion, while in 2027–28, they are projected to increase further to Rs 1,787 billion.
Additionally, the estimated collection for 2028–29 stands at Rs 1,989 billion, and this figure is predicted to grow to Rs 2,212 billion during 2029–30. These numbers clearly indicate that Pakistani citizens will face a continued rise in petroleum levy burdens over the coming years.
Experts warn that consumers are already under economic strain due to high fuel prices and taxes, and these consistent increases in levies may further elevate the cost of daily living. They note that rising fuel prices and levy rates could significantly impact purchasing power and intensify inflationary pressure.
According to the IMF report, the increasing levy collections are essential for reducing the budget deficit and maintaining financial stability. However, economic analysts emphasize that the government must carefully balance public affordability with sustainable economic growth.
