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PM Shehbaz Seeks Removal Of Fuel Levies Through Approval Of IMF Since Iran War Raises Oil Prices

Jarida Report

Prime Minister Shehbaz Sharif has asked the finance ministry to seek the removal of fuel levies from the International Monetary Fund to cushion consumers from rising oil prices driven by the Iran conflict, a senior member of Sharif’s cabinet said on Wednesday.

The move highlights Islamabad’s attempt to shield households from higher fuel costs while remaining bound by conditions under its $7 billion IMF bailout program, which limits subsidies and requires fiscal discipline.

Pakistan currently imposes petroleum levies of around Rs100 ($0.36) per liter on petrol and Rs55 ($0.20) per liter on diesel, a key source of government revenue under its IMF-supported reform framework.
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