{"id":479750,"date":"2025-05-21T07:53:57","date_gmt":"2025-05-21T02:53:57","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=479750"},"modified":"2025-05-21T07:53:57","modified_gmt":"2025-05-21T02:53:57","slug":"govt-may-hike-fuel-levy-above-rs100-litre","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/govt-may-hike-fuel-levy-above-rs100-litre\/","title":{"rendered":"Govt may \u2018hike fuel levy\u2019 above Rs100\/ litre"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nUnder a new understanding with the International Monetary Fund (IMF), Pakistan will raise its Petroleum Development Levy (PDL) to over Rs100 per litre on petrol and diesel in coming fiscal year starting July 2025, The News reported.<br \/>\nThe initiative has been taken to fund power sector subsidies and help reduce circular debt, a senior official told The News on Monday.<br \/>\nThe levy, currently stands at Rs78 per litre on petrol and Rs77 on diesel, is being increased as part of Islamabad\u2019s broader strategy to boost non-tax revenues and support power and electric vehicle subsidies.<br \/>\nThe plan is central to Pakistan\u2019s commitment to tighten its fiscal position under the IMF\u2019s Extended Fund Facility (EFF), a senior official said. The PDL has already seen a sharp increase since July 2024\u2014from Rs60 to Rs80 per litre\u2014yielding over Rs1 trillion in revenue in the first 10 months of outgoing FY25.<br \/>\nThe government had aimed in budget to collect Rs1.281 trillion through the levy by year-end. As part of its climate-aligned fiscal reforms, Pakistan has also committed to introduce a Rs5 per litre carbon levy on petrol and diesel.<br \/>\nIn the power sector, the government will remove a 10% cap on the Debt Service Surcharge (DSS) on power bills by end-June 2025. The move is expected to help reduce ballooning circular debt. To meet that goal, authorities have pledged regular tariff adjustments, fuel cost pass-throughs, and a new Circular Debt Management Plan to be approved by cabinet by July 2025. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD Under a new understanding with the International Monetary Fund (IMF), Pakistan will raise its Petroleum Development Levy (PDL) to over Rs100 per litre on petrol and diesel in coming fiscal year starting July 2025, The News reported. The initiative has been taken to fund power sector subsidies and help reduce circular debt, a senior [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-479750","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt may \u2018hike fuel levy\u2019 above Rs100\/ litre<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/govt-may-hike-fuel-levy-above-rs100-litre\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt may \u2018hike fuel levy\u2019 above Rs100\/ litre\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD Under a new understanding with the International Monetary Fund (IMF), Pakistan will raise its Petroleum Development Levy (PDL) to over Rs100 per litre on petrol and diesel in coming fiscal year starting July 2025, The News reported. 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