KATHMANDU: The government has imposed a green tax on petroleum products, coal, and other related goods.
The Economic Bill-2081, presented at a joint meeting of the Federal Parliament today by Finance Minister Barshaman Pun, states that a green tax will be levied at the rate of Rs. 1 per liter on petrol and diesel.
The tax aims to reduce the use of fossil fuels.
Similarly, a green tax of 0.5 percent will be levied on furnace oil and base oil, and 1 percent on lubricant oil.
Additionally, petroleum oil and oil obtained from bituminous minerals, comprising 70 percent or more of petroleum oil, will also be taxed at 1 percent.
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