ISLAMABAD: The federal government collected Rs220 billion in petroleum levy revenues during the first two months of the fiscal year 2026-27, against a total collection target of Rs1.676 trillion for the ongoing financial year.
According to official details, the government aims to collect Rs1.676 trillion through petroleum levies imposed on various petroleum products, including petrol and diesel, during the current fiscal year. The collection of Rs220 billion in the first two months marks progress towards achieving the annual target.
Official figures show that petroleum levy collections also exceeded the target during the previous fiscal year, 2025-26. The government had initially set a petroleum levy collection target of Rs1.468 trillion. However, total receipts rose to Rs1.567 trillion by the end of the fiscal year.
As a result, the government collected approximately Rs100 billion more than its initial target during FY2025-26.
For the current fiscal year, the government has set a higher petroleum levy collection target than the previous year, aiming to raise Rs1.676 trillion.
It is worth noting that the petroleum levy is a significant source of revenue for the federal government and is imposed on petrol, diesel and other petroleum products. However, the levy has also faced criticism and protests from various quarters, with concerns over its impact on fuel prices.
