Khurram Schehzad Says Diesel Levy Increase Reflects Phased Return to Budgeted Level
Finance Minister’s Advisor Khurram Schehzad said the recent diesel petroleum levy increase is part of a phased normalization process after a temporary reduction, with the government seeking to meet approved revenue targets while maintaining fiscal stability.
Pakistan’s SPI Inflation Drops To 9.05 Percent Despite Global Oil Price Uncertainty
Pakistan’s Sensitive Price Indicator slowed to 9.05 percent year-on-year for the week ending July 30, 2026, as food prices declined despite continued volatility in global oil markets.
Ministry Reveals Heavy Tax Burden on Petrol Prices Amid Global Oil Crisis
Official Ministry of Energy documents disclose that taxes and profit margins account for 46% of petrol costs following the recent record-breaking price hike.
Prime Minister Shehbaz Sharif Rejects Massive Fuel Price Hike to Provide Eid Relief
Prime Minister Shehbaz Sharif declines a proposed increase in petroleum prices, absorbing a 45 billion rupee cost to shield consumers from inflation before Eid.