Government Considers New Petroleum Levy as IMF Talks Continue

Islamabad (Qudrat Daily): Federal Minister for Petroleum Ali Pervaiz Malik has indicated that the government may be forced to impose an additional levy of Rs50–55 per litre on petrol or diesel if relief is not granted by the International Monetary Fund (IMF).
Speaking during a television program on Samaa TV, the minister said that Pakistan is in continuous negotiations with the IMF. He explained that if concessions are secured, the government would avoid increasing the levy; otherwise, a decision may be taken by next Friday in line with commitments made under the IMF agreement.
Malik noted that despite economic challenges, the government ensured uninterrupted fuel supply, even during times of crisis when Pakistan lacked billions of dollars in reserves and strategic stockpiles. He added that although the public faced hardships, fuel shortages were avoided, and relief worth Rs100 billion was provided in coordination with provinces.
He further stated that the petroleum levy on diesel is currently zero and had to be shifted to petrol, adding that diesel prices in Pakistan remain among the lowest globally. He emphasized that compliance with IMF agreements is essential, warning that failure to do so could have severe economic consequences.
The minister also highlighted that global conflicts play a significant role in fuel pricing, particularly tensions between the United States and Iran, which directly impact international oil markets. He stressed that maintaining stable fuel prices requires strategic planning, steady supply, and adherence to international commitments.
According to Malik, compared to countries like India, where fuel shortages and long queues have been reported, Pakistan’s fuel supply situation remains relatively stable. He added that policy adjustments, including shifting consumption patterns from diesel to petrol, have helped improve supply management and price stability.