Govt doubles infrastructure development tax on fuel

Kathmandu, February 27

The government has doubled the infrastructure development tax it would levy on the fuel used by vehicles.

Till now, the tax was Rs 5 per litre. Now onwards, it will be Rs 10, Finance Minister Yuba Raj Khatiwada, who is also the government spokesperson, announced during a press meet in Kathmandu, on Thursday.

The infrastructure development tax on diesel and petrol was introduced by the then finance minister Bishnu Paudel for the first time in the annual budget plan for the fiscal year 2016/17. Then, the government had said that it was collecting the money for the construction of Budhigandaki Hydropower Project. Since then, around Rs 30 billion has been collected.

Published on February 27th, Thursday, 2020 4:27 PM

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