Federal Govt Reduces Petrol Prices for Small Cars

Federal Govt Reduces Petrol Prices for Small Cars

The government of Pakistan has taken a significant step towards reducing the carbon footprint, preserving the atmosphere, and saving oil expenses in the country. The primary focus of the energy-saving measures is the auto and transport sector.

According to our sources, the Ministry of Energy has released a step-wise Transport Energy Saving Plan (TESP) that outlines the strategy for achieving these goals. The first priority of the plan is to determine the retirement age of cars and improve the national fuel economy standards.

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To discourage the use of high engine capacity vehicles, the implementation of toll tax and fuel rates will be based on the engine size of the vehicles. Separate toll tax and fuel price slabs will be made for cars with 800cc, 1600cc, and larger engines.

Moreover, the plan also emphasizes the implementation of codes and standards related to electric vehicle (EV) supply equipment. The code standards related to EV charging infrastructure will also be implemented, and a mass transit transport system will be developed for major cities.

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According to sources, the TESP plan will save 2.4 billion liters of oil annually and reduce 7.7 million tonnes of carbon from the atmosphere. The Transport Energy Saving Plan (TESP) will be gradually implemented, starting this year.

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