There are also ten other Levies, Surcharges and Royalties, such as Natural Gas Development Surcharge, Royalty on Oil and Gas, Discount on Local Crude Oil, Windfall Levy on Crude Oil & Natural Gas, Gas Infrastructure Development Cess, Petroleum Levy on Liquefied Petroleum Gas (LPG), Windfall Levy on Gas, Off-the-Grid (Captive Power Plants) Levy, and Climate Support Levy.

The Petroleum Exploration and Production Policy 2012, approved by the Ministry of Petroleum & Natural Resources, Government of Pakistan, imposes royalty on exploration and production of oil and gas.

Windfall Levy on Crude Oil & Natural Gas: As per the Petroleum Exploration & Production Policy 2012, Windfall Levy will be applicable on crude oil and condensate using the formula, i.e.

For the last more than six weeks, levies, surcharges and royalties have been the talk of the town. A political party has been organising country-wide protest meetings, sit-ins (dharnas) and also threatening to launch a long march if the Petroleum Levy is not withdrawn in order to minimise the financial burden on the people at large. As per the latest developments, the political party leadership, on a request from Prime Minister Muhammad Shehbaz Sharif, had postponed its long march plans till early October, thereby allowing the PM to come up with some more major relief plans/initiatives.

Petroleum Levy is not just one levy, as a matter of fact. There are also ten other Levies, Surcharges and Royalties, such as Natural Gas Development Surcharge, Royalty on Oil and Gas, Discount on Local Crude Oil, Windfall Levy on Crude Oil & Natural Gas, Gas Infrastructure Development Cess, Petroleum Levy on Liquefied Petroleum Gas (LPG), Windfall Levy on Gas, Off-the-Grid (Captive Power Plants) Levy, and Climate Support Levy.

According to the information available from the official documents, these levies, surcharges and royalties pertaining to the Oil and Gas Sector are one of the major sources of revenue generation for the Federal Government. The Federal Government had anticipated receipts on this account of Rs. 1,887,682.000 million during the financial year 2025-26. Against this, the receipts accounted for somewhat lower figures of Rs. 1,790,296.000 million as per revised figures for........

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