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Articles for tag: consumers, deprived, Government, hikes, levy, Petrol, Relief

January 16, 2026

News Desk

Consumers deprived of relief as government hikes petrol levy by up to Rs 4.62

A representational image of a fuel machine at a filling station. — Reuters Government hikes petrol levy by Rs 4.62 per liter and Re0.80 on HSD. Oil levy on HOBC increased by Rs 4.62 per litre. CSL of Rs 2.50 per liter on petrol, HSD and HOBC continues. The federal government has increased the petroleum levy (PL) on petrol by Rs 4.62 per liter and Re 0.80 on high-speed diesel, The News reported on Friday. The move left consumers without any relief as the authorities decided to keep fuel prices unchanged for the next fortnight, in a simultaneous decision. High

September 9, 2025

News Desk

Tottenham is not for sale after levy exit says CEO

LONDON: Tottenham’s chief executive Vinai Venkatesham insists that club owners intend to continue their “steady support” from the Premier League after Daniel Levy’s shock exit. The Northern Londoners published a statement on Sunday to make it clear that the club is not for sale after a reported interest by Amanda Staveley, with two approaches “undoubtedly rejected”. Tottenham’s ownership situation has become a hot issue, as Executive Chairman Levy resigned on Thursday, after the ENIC majority owners told him that it was time to leave. But Venkatesham, who has taken the reins after Levy’s departure, said: “The Lewis family is really

July 20, 2025

News Desk

Govt imposes new EV Levy to increase RS10BN revenue in revenue

This representation picture shows a charging port on an electric vehicle on February 13, 2019 – Reuters 1% levy for cars below 1300cc. 2% Levy Targets 1300cc to 1800cc Vehicles. Cars over 1800cc to pay 3% EV Levy. Islamabad: The government has notified the imposition of the energy adoption levy on both locally constructed and imported vehicles, with the aim of increasing 10 billion Rs to support the promotion of electric vehicles (EVS) in the country, The news reported. According to a notification issued by the Federal Revenue Council (FBR) in accordance with the first program of the funding law,

June 11, 2025

News Desk

Govt Sets Record Petroleum Levy Target in Rs1.47TR

Listen to the article Islamabad: The government has set an ambitious goal for Levy Petroleum Levy (PL) for oil products for the next use, which would have resulted in refusing consumer relief despite a reduction in international oil prices. The Economic Coordination Committee (ECC) has recently increased the maximum ceiling of the oil levy to RS90 per liter. Taking into account the highest limit of oil levy, the government has decided to increase the revenue of revenue due to PL for oil products. According to budget documents, the government increased the target of oil collection by 26% for the next

June 10, 2025

News Desk

The carbon levy on fuel proposed to finance green initiatives

A fuel worker holds a gasoline on a petrol pump. – Reuters/file A new carbon levy of Rs2.5 for FY26 and RS5 for FY27 is recommended. The contribution will fund climate action programs and green energy. Levy is imposed according to the IMF Diktat for climate resistance. Pakistan is expected to introduce a new carbon levy to gasoline, high -speed diesel and furnace oil, a move aimed at limiting excessive consumption of mineral fuel and creating critical capital for mitigating climate change and green energy programs. The proposed levy, which will initially remain in RS2.5 per liter, is expected to

April 16, 2025

News Desk

The federal government authorizes itself to increase the fuel levy without a limit

Listen to the article The federal government has granted power to increase the oil levy at its discretion through a Presidential Decree, effectively deducting any ceiling previously imposed on the levy. Previously, the oil growth levy (PDL) had a maximum ceiling of Rs 60 per liter, which was later increased to Rs 70 per liter. However, after the issuance of the Presidential Decree, there is now no ceiling for the amount of the contribution. According to the details on Tuesday, a Presidential Decree was issued to abolish the fifth timetable, which is governed by limits in the oil levy. With

June 13, 2024

News Desk

The government is targeting Rs 1,281 billion from the oil levy

Islamabad: The federal government has set an ambitious target of Rs 1,281 billion on account of petroleum levy (PL) on petroleum products for the upcoming financial year 2024-25. This projection marks an increase of Rs 321 billion over the revised estimate of Rs 960 billion for the current financial year 2023-24. While the originally budgeted PL for the current year was Rs 869 billion, the actual increase represents a 47.4% increase over the next year’s target. The government has revised the PL collection target upwards for the next financial year 2024-25 with various collections.The International Monetary Fund (IMF) report titled

June 9, 2024

News Desk

Govt mulls hike in oil levy from Rs 60 to Rs 80 per liter

A large number of vehicles stand in a queue to fill their vehicle’s petrol tanks at a petrol pump in Islamabad on May 24, 2022. — Online The government is considering hiking gas duties, imposing another levy on pol products. The Ministry of Finance refuses to allocate a financial grant for the IMF check. The move is aimed at addressing the Rs 2.9 tr circular debt in the gas sector. ISLAMABAD: In its bid to tackle the issue of rising cyclical debt, the federal government is working on practical proposals, including increasing oil levy on petrol (Mogas) and diesel from

June 5, 2024

News Desk

Oil levy collection target exceeded

KARACHI: The government has collected more than Rs900 billion in oil development levy on the sale of petroleum products, surpassing the full-year collection target of Rs869 billion in 11 months of the current financial year. As demand for petroleum products surged to a nine-month high of 1.4 million tonnes in May 2024 on the back of lower prices, total consumption reached 13.8 million tonnes in July-May 2023-2024, according to Topline Research. Topline Research analyst Myesha Sohail said tax collection through PDL touched Rs 907 billion in 11 months of FY24, adding that “the government could realize Rs 990 billion to

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