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Business

Web Desk
Jun 13, 2024

Proposed increase in petroleum levy to be implemented gradually, says Aurangzeb

In his budget presentation to parliament on Wednesday, the Finance Minister had detailed that the maximum petroleum levy on petrol and high-speed diesel will rise to Rs 80 per litre, marking an increase of Rs 20 per litre from the previous rate of Rs 60.

Business

Web Desk
Jun 05, 2024

Govt surpasses petroleum levy tax collection target

The government has met its petroleum levy tax collection target for the fiscal year 2023-2024 within the first eleven months.

Business

Web Desk
Dec 15, 2023

Petrol price in Pakistan reduced by Rs14 per litre for the next two weeks

In a significant relief for the inflation-hit masses, the petrol price in Pakistan has been reduced by Rs14 per litre to Rs267.34 for the next two weeks. Conversely, the diesel price in Pakistan has experienced a reduction of Rs13.50 per litre, with the new price for diesel now standing at Rs276.21.

Business Latest

Web Desk
Dec 15, 2023

What will be new petrol, diesel prices in Pakistan for next fortnight?

In a significant development, the per-litre price of petrol in Pakistan is poised to undergo a noteworthy reduction, with expectations suggesting a decrease of Rs13.10.

Business

Web Desk
Nov 28, 2023

IMF to evaluate Pakistan’s petroleum levy strategy before petrol price announcement

A team from the International Monetary Fund (IMF) is set to convene with officials from Pakistan’s petroleum division to assess the effectiveness of measures taken in the implementation of the petroleum levy.

Business

Web Desk
Nov 14, 2023

Pakistanis may get no relief as govt likely to increase petrol price

In the upcoming adjustments to petroleum product prices anticipated in the second half of November, a dynamic scenario is expected.

Business

Web Desk
Oct 06, 2023

Govt expected to hike petroleum levy to meet revenue targets

In pursuit of the revenue goals set by the International Monetary Fund (IMF), the government is expected to increase the Petroleum Development Levy (PDL) charge for high-speed diesel (HSD) to Rs60 per litre. This move aims to achieve a targeted revenue of Rs869 billion.