ISLAMABAD
Federal Minister for Petroleum Ali Pervez Malik has issued a statement regarding petrol prices, attributing the recent increase to the ongoing situation in the Middle East, which has led to a rise in the international price of refined petrol. He clarified that the price hike in Pakistan is a direct result of global market trends.
The minister stated that currently, a combined total of Rs. 85 per litre is being collected as Petroleum Levy and Carbon Support Levy on petrol.
Malik explained that Pakistan’s petrol prices are determined in accordance with the global price of refined petrol, not based on the crude oil rates set by Saudi Aramco. He emphasized that for pricing purposes, the daily international rates of refined petrol are monitored.
He further detailed that during the current week, the price of refined petrol in the international market remained above $88 per barrel**. In comparison, before the escalation of conflict, on **February 27, 2026**, the global price of refined petrol was **$76 per barrel. He noted that even now, petrol in the world market is still approximately $12 per barrel more expensive than before the conflict.
Additionally, the minister pointed out that Pakistan incurs extra costs such as freight, insurance, and other expenses when importing petrol. He stated that Pakistan imports nearly 70 percent of its petrol requirements from abroad.
Malik reiterated that to understand Pakistan’s petrol pricing, one must look at the international price of finished petrol, not crude oil. He concluded by restating that the total levy on petrol, combining Petroleum Levy and Carbon Support Levy, currently stands at Rs. 85 per litre.
