Pakistan has submitted its five-year projections for petroleum development levy collections to the International Monetary Fund, according to sources cited by ARY News on Thursday.
The documents outline a steady rise in petroleum levy revenue over the coming years. For the current fiscal year, the government expects collections to reach Rs1,468 billion. In the next fiscal year, the estimate rises to Rs1,638 billion.
The projections show further increases in subsequent years. The government expects collections of Rs1,787 billion in fiscal year 2027–28. Estimates rise to Rs1,989 billion in 2028–29 and Rs2,212 billion in 2029–30.
The report also confirms an increase in the climate support levy. From July 1, 2026, the levy will increase by Rs 2.5 per litre. Authorities will apply this charge separately to both petrol and high-speed diesel.
Current levy rates remain high. Petrol carries a levy of Rs79.62 per litre, while high-speed diesel attracts Rs75.41 per litre. The climate support levy applies in addition to these charges.
Read: IMF Projects Pakistan GDP at Rs193.6tn by 2030, Flags Export Shortfall
Historical data in the submission show a sharp rise in reliance on the petroleum levy. Collections stood at Rs1,220 billion in the previous fiscal year. The figure was Rs1,019 billion in 2023–24 and Rs580 billion in 2022–23.
The projections signal the government’s intent to preserve petroleum-based revenue while funding climate-related initiatives through additional levies.
In the most recent fortnightly price review, the government issued a notification revising petroleum prices. It kept petrol prices unchanged at Rs263.45 per litre. Authorities reduced the price of high-speed diesel by Rs14 to Rs265.65 per litre.
