Petroleum levy collection exceeds government target by Rs100bn

Pakistan collected a record Rs1.567 trillion in petroleum levy during fiscal year 2025-26. According to the Daily Times, this exceeded the government's target by nearly Rs100 billion. The collection also surpassed the estimate set by the International Monetary Fund for the fiscal year, as per the Daily Times.

The petroleum levy collection surged 29pc to Rs1.567tr from Rs1.22tr a year earlier, as reported by Dawn. This amount did not include an undisclosed amount of customs duty and Rs26bn collected through the carbon levy. The original budget target was Rs1.468tr, which was later revised upward to Rs1.498tr.

The record petroleum levy collection was achieved amid record consumer-end oil prices following US-Israel attacks on Iran, as reported by Dawn. The increased collection contributed to a reduction in the fiscal deficit to 2.6pc of GDP and a primary surplus of 2.9pc of GDP.

Brief written by urgent.news from Daily Times, Dawn — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.