Petrol, HSD and furnace oil: Rs2.5/litre carbon levy imposed
It will not apply to kerosene oil and light diesel oil (LDO).
The same levy will be increased to Rs5 per litre to generate Rs95 billion in fiscal year 2026-27, sources said. The funds collected will be allocated towards green budgeting initiatives. The measure comes after the government concluded negotiations with the International Monetary Fund (IMF) for the fiscal year 2026 budget.
Copyright Business Recorder, 2025
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