Former finance minister Miftah Ismail has claimed that the government could collect around Rs180 billion in additional taxes from fuel sales following the latest petrol and diesel price increase on April 30, 2026.
In a post on X, Miftah Ismail shared what he described as the government’s original revenue plan, suggesting heavy reliance on petroleum levies to boost monthly collections.
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Government last night increased the price of petrol by Rs 6.51 and diesel by Rs 19.39. Now the cost of both is about Rs 400 per litre.
— Miftah Ismail (@MiftahIsmail) May 1, 2026
In setting the new price, the govt decreased tax (levy) on petrol by Rs 3.88. But it also increased the tax (levy) on diesel by Rs 28.69 per…
Last night, the government has raised petrol prices by Rs6.51 per litre and diesel by Rs19.39 per litre, pushing both close to Rs400 per litre across Pakistan.
According to Miftah, while the petroleum levy on petrol was reduced by Rs3.88 per litre, a much higher levy of Rs28.69 per litre was imposed on diesel.
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He stated that despite adjustments, the overall tax burden remains significant, with approximately Rs120 per litre collected in taxes on petrol and around Rs60 per litre on diesel.
Based on these figures, he estimated that total revenue from fuel-related taxes could reach nearly Rs180 billion within a single month.
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Miftah also criticised the government’s spending priorities, alleging that such revenues are being directed towards expensive development projects and politically motivated allocations.
The recent fuel price hike comes amid ongoing geopolitical tension.
