Petroleum levy collection surges to Rs1.6tr in FY26

Business Recorder reported that Petroleum Levy receipts climbed to Rs1.567 trillion in fiscal 2025-26, well ahead of the upward-revised goal of Rs1.498 trillion. The gap works out to roughly Rs69 billion, and the haul also topped the original Rs1.468 trillion target by about Rs99 billion. Finance Division figures underline how much the state now depends on this levy.

For FY2026-27, the government has set a Petroleum Levy target of Rs1.676 trillion, about Rs109 billion above the amount collected in the previous year. That goal equals growth of roughly 7 percent on the Rs1.567 trillion actual. Officials will therefore need to raise an extra Rs109 billion this year to hit the new figure.

The report also noted worries over petroleum prices and taxes, which weigh on consumers, transport costs and inflation. The levy is one of the government's non-tax revenue sources and applies to petrol and high-speed diesel.