Petrol prices in Pakistan could rise again in the coming weeks as the government considers increasing taxes to raise revenue and meet conditions set by the International Monetary Fund (IMF), according to latest reports.
Recent reports indicate that discussions are underway to further increase the petroleum levy, even though collections are already expected to exceed the annual target of Rs. 1,468 billion.
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The move is part of broader fiscal measures aimed at stabilising the economy.
Earlier, the government raised the petroleum levy on petrol by around Rs. 27 per litre, pushing it above Rs. 107 per litre.
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This increase was introduced as part of IMF-linked reforms, which require Pakistan to reduce subsidies and rely more on taxation.
New reports suggest that the IMF has urged Pakistan to continue strengthening revenue collection through direct taxes, including fuel levies, to maintain fiscal discipline and meet economic targets.
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In recent months, fuel prices in Pakistan have already seen significant increases.
In the broader context, Pakistan’s ongoing engagement with the IMF includes commitments to reduce fiscal deficits, improve revenue streams, and limit subsidies.
Fuel pricing has become a key component of these reforms, directly impacting consumers across the country.
