Pakistan, May 15 -- The Pakistani government is considering a new tax on petroleum products, which could lead to a delay in expected price cuts. The proposal, under review by the Petroleum Division, suggests an additional 4.12 rupees per liter in costs, which may cancel out potential relief for consumers due to lower international oil prices. The price adjustment, initially expected for the next two weeks, is now uncertain.

The government's proposed tax would generate an estimated 75 billion rupees annually. This includes a 3 to 5 rupee per liter General Sales Tax (GST) to be implemented starting July 2025. Without this new taxation, the prices of petrol and diesel were expected to decrease by approximately 3.5 and 7 rupees per liter, re...