Carbon levy will be increased to Rs5 per liter in fiscal year 2026-27

Published 5 days ago on Jun 10th 2025, 8:04 pm
By Web Desk

(Web Desk): The government announced a Rs2.50 per liter carbon levy on petroleum products in the budget.
Presenting the budget, Federal Minister for Finance Muhammad Aurangzeb stated that to discourage excessive use of fossil fuels and to provide financial resources for climate change and green energy programs, it is proposed to impose a carbon levy of Rs2.50 per liter on petrol, diesel, and furnace oil for the fiscal year 2025-26.
He said the carbon levy will be increased to Rs5 per liter in fiscal year 2026-27. Additionally, petroleum levy on furnace oil will also be imposed as per the rates announced by the federal government.

450 Pakistani pilgrims evacuated from Iran
- 8 hours ago

Google is offering employee buyouts in Search and other orgs
- 10 minutes ago

Taboola’s clickbaity chumbox is evolving into an AI chatbot
- a day ago

Sonos is finally updating its Ace headphones with a long-delayed feature
- 10 minutes ago

FinMin vows to take lead in digital assets, innovation
- 9 hours ago
Trump administration weighs adding 36 countries to travel ban, memo says
- 9 hours ago

Ninja Gaiden 4’s gory combat hides a goofy center
- 10 minutes ago

Trump’s military parade is a warning
- a day ago

Iran missiles kill 10 in Israel in night of mutual attacks
- 14 hours ago

Sources: Knicks set for talks with Brown, Jenkins
- 12 hours ago
Govt hikes petrol price by Rs4.8 per litre
- 5 hours ago

Meta inks a new geothermal energy deal to support AI
- a day ago
You May Like
Trending