ISLAMABAD: The IMF has projected a shortfall of Rs 157 billion in the budgeted petroleum development levy (PDL) for 2025-26 and projected collection at one percent of the GDP, with total collection depending on the GDP growth.
This was revealed in the IMF in its second review of the ongoing Extended Fund Facility (EFF) and the first review of the Resilience and Sustainability Fund (RSF) report released on Thursday.
In current fiscal year, IMF projected Rs 1.311 trillion PDL collection against the budgeted target of Rs1.468 trillion.
Till March 15, 2025, the government was charging a maximum levy of Rs60 per litre on petrol and high speed diesel (HSD), however it raised the levy by Rs10 per litre from March 16 onwards to Rs70 per litre. On April 15, the federal government had enhanced the PDL on petrol by Rs8.02 per litre and HSD Rs7.01 per litre, taking it to Rs 78.02 per litre and Rs 77.01 per litre on both the products.
The federal government collected Rs 371 billion in petroleum levy from July to September, marking a 42 percent increase compared to Rs 261 billion last year.
Copyright Business Recorder, 2025
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