The federal government is preparing to impose a carbon levy of Rs. 2.5 per litre on petrol and diesel in the upcoming budget for FY2025-26, Finance Division sources told ProPakistani.
The new tax will be implemented alongside the existing petroleum levy and is expected to generate up to Rs. 45 billion in revenue during the next financial year. It will not apply to kerosene and light diesel oil. The same levy will be increased to Rs. 5 per litre to generate Rs. 90 billion in FY27, sources added.
The funds collected will be allocated towards green budgeting initiatives.
There will be no separate legislation for the carbon levy in the new budget, and it will be included under existing budgetary provisions. The measure comes after the government concluded negotiations with the International Monetary Fund (IMF) for the FY26 budget.
The introduction of the levy may lead to further increases in petroleum prices.
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Instead of reducing the petrol price keeping in view the international market govt is only focusing to get money at all cost to live their lavish lives, poor people can only curse the govt and offer supplication for their destruction, Ameen.
carbon levy will be used to fund the president, pm and their subordinates lifestyle, thats the green initiative 😂🤣
It’s funny how press is supposed to ask govt questions instead of becoming a mouth piece. Then you beg for donations and subscription when you should be asking questions from the government
what a clown govt, buy patrol sell it with levy and earn free money.
whi is behind this? india? Afghanistan? Israel? who is emotionally damaging pakistanis? internals or externals?
The only ultimate solution is to topple down this corrupt wicked regime.