Pakistan collected more petroleum levy than its target during the fiscal year ended June 2026.

The government collected Rs1.567 trillion in petroleum levy during the period. This was Rs99 billion above the original target of Rs1.468 trillion.

The Rs99 Billion higher collection comes as Pakistan prepares for discussions with the International Monetary Fund.

The IMF is scheduled to conduct the fourth review of Pakistan’s ongoing loan programme. The review will assess performance against targets for the period ending June 2026.

Petroleum levy collections are expected to remain an important part of the discussions. The government is also expected to provide details about tax and non-tax revenues.

According to reports, Pakistan will brief the IMF about Prime Minister Shehbaz Sharif’s petrol subsidy scheme. Officials will also present revenue details recorded until June 30, 2026.

The Rs99 Billion increase over the original petroleum levy target reflects stronger-than-planned collections. Finance Ministry data previously showed total petroleum levy revenue of Rs1.567 trillion for FY2025-26.

The IMF has previously noted that stronger petroleum development levy collections helped offset weaker Federal Board of Revenue collections. It also contributed to Pakistan’s fiscal performance.

The government has said Pakistan achieved most of its economic targets during the financial year. The outcome will form part of the upcoming review discussions with the IMF.

The latest figures could support Pakistan’s case during negotiations. However, approval of any future tranche will depend on the review process and programme requirements.

Meanwhile, the government is continuing its petrol subsidy programme. Petroleum Minister Ali Pervaiz Malik has discussed the possibility of extending the scheme.

The subsidy provides Rs100 per litre in relief to eligible consumers. The programme reportedly costs between Rs35 billion and Rs40 billion each month.

More than six million people have registered for the subsidy scheme, according to the reference information. Malik said the relief could continue if required.

He also assured consumers that Pakistan would not face a petrol shortage. He clarified that his earlier comments about a Rs1,000 per litre price related to a possible shortage scenario.

The petroleum levy remains an important source of government revenue. Its collection has increased significantly in recent years. Finance Ministry data showed Rs1.567 trillion collected in FY2025-26.

The government will now discuss its fiscal performance and other economic indicators with the IMF. Petroleum levy collections will likely remain part of those discussions.

The Rs99 Billion above-target collection gives the government an important revenue figure to present during the review. The final outcome will depend on the IMF’s assessment of Pakistan’s programme performance.

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