Urooj Niazi 
pakistan sets from july rs5 carbon levy on petrol and diesel
Pakistan to Introduce Rs5 Carbon Levy on Petrol and Diesel from July
Beginning in July, Pakistan will impose a Rs5 carbon levy on petrol and diesel at the rate of Rs5 per litre. The new levy is aimed at reducing pollution and supporting the government’s environmental agenda. This announcement comes ahead of the anticipated federal budget and marks a new development in Pakistan’s journey to tackle climate change.
The money collected through this levy will support clean energy initiatives, tree-planting, and air quality improvement. Further, this new levy will make fossil-fuel-based fuels more expensive in an effort to push people to use less fuel or shift to cleaner fuels/energy.
Some experts have publicly raised concerns about possible impacts on the price of fuel and inflation, but the government believes that the positive impact on the environment is ultimately more significant than any of those challenges. This initiative will help demonstrate Pakistan’s commitment to operationalise sustainability and climate responsibility while enabling quality economic growth. Ultimately, the Rs5 carbon levy is a vital aspect of Pakistan’s broader green development agenda.
