Miftah Ismail has said that the recent increase in fuel prices could significantly raise government revenue this month.
He estimated that around Rs. 180 billion may be collected through taxes, duties, and levies on petrol and diesel.
The latest price revision has increased petrol by Rs. 6.51 per litre, while diesel has seen a much larger rise of Rs. 19.39 per litre, bringing its price close to Rs. 400.
These changes have added pressure on consumers who are already dealing with rising living costs.
Although the government reduced the petroleum levy on petrol by Rs. 3.88, a new levy of Rs. 28.69 was imposed on diesel.
This adjustment has shifted a greater financial burden toward diesel users, including transporters and industries that rely heavily on it.
Miftah pointed out that despite minor adjustments, the overall tax component on fuel remains high.
He stated that consumers are paying nearly Rs. 120 per litre in taxes on petrol and around Rs. 60 per litre on diesel. According to him, this level of taxation continues to impact daily expenses and business operations.
He also criticized the government’s spending priorities, suggesting that financial decisions are being influenced by political considerations rather than economic needs.
Experts warn that rising fuel costs may lead to higher transportation and production expenses, which could eventually increase prices of goods and services.
The situation highlights ongoing challenges in balancing revenue generation with public affordability in Pakistan’s economy.