Government collects Rs220 billion in petroleum levy in first two months of FY27

The federal government has collected Rs220 billion in petroleum levy during the first two months of the current fiscal year 2026-27, reflecting a significant contribution to its revenue targets.

According to the available figures, the collection was recorded in July and August, the opening two months of the fiscal year.

The government has set a petroleum levy collection target of Rs1.676 trillion for the entire fiscal year. The latest figures indicate that it has already secured a substantial amount towards achieving this annual target.

Petroleum levy is an important source of revenue for the federal government. It is imposed on petroleum products and contributes to the government’s overall tax and non-tax revenue collection.

During the previous fiscal year, the government had initially projected petroleum levy receipts of Rs1.468 trillion in its budget estimates.

However, actual collections reached Rs1.567 trillion, exceeding the original target by around Rs100 billion.

The government is now aiming to increase petroleum levy receipts to Rs1.676 trillion in FY27. The collection trend during the remaining months will determine whether it can achieve or exceed its annual target.