US EditionPetrol Prices Likely to Increase as Govt Plans Rs. 2.5 Per Litre Carbon Levy in Budget 2025-26
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Petrol Prices Likely to Increase as Govt Plans Rs. 2.5 Per Litre Carbon Levy in Budget 2025-26
The federal government is planning to add a new carbon levy of Rs. 2.5 per litre on petroleum products in the upcoming 2025–26 budget. This rate will later increase to Rs. 5 per litre in the coming years. The new tax is expected to generate Rs. 45 billion in the next fiscal year, with the amount expected to double by 2027. This carbon levy will be charged in addition to the current Petroleum Development Levy. However, it will not apply to kerose…
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