NA to consider stricter enforcement of petroleum levy

PSX Update • Oct 29, 2026

The National Assembly (NA) is set to take up legislation that would tighten the collection of the petroleum levy and climate support levy by making payment a mandatory licence condition for oil marketing companies, refineries and other licensees, wit

October 29, 2026 (MLN): The National Assembly is set to take up legislation that would tighten the collection of the petroleum levy and climate support levy by making payment a mandatory licence condition for oil marketing companies, refineries and other licensees, with defaulters facing financial penalties, possible licence suspension and imprisonment of up to three years. The proposal is contained in the Petroleum...