FBR Uncovers Nearly Rs. 10 Billion in Tax Irregularities at Major Oil Companies

The Federal Board of Revenue (FBR) has issued tax notices to Pakistan State Oil (PSO) and six other oil companies over the alleged non-payment of nearly Rs. 10 billion in petroleum levy, climate levy, and customs duties on imported petroleum products.

According to official reports, Pakistan State Oil (PSO) received the largest notice, with the FBR claiming outstanding liabilities of around Rs. 8.2 billion.

The remaining companies served with notices include Puma Energy, Pak-Arab Pipeline Company, Hi-Tech Lubricants, BE Energy, Taj Gasoline, and Gas & Oil Pakistan.

The FBR has instructed all the companies to submit their replies and clear any outstanding dues within the timeframe specified in the notices.

Officials have cautioned that companies failing to respond or settle the alleged liabilities could face legal action and additional enforcement measures under the applicable tax laws.

The action is part of the FBR’s broader campaign to strengthen tax compliance, enhance revenue collection, and ensure that businesses operating in Pakistan’s petroleum industry meet their financial obligations in line with national regulations.

The development is expected to attract close attention from the petroleum sector as the companies prepare their responses and the tax authority proceeds with the matter.