LAHORE – The prices of motorcycles are expected to increase in Pakistan from July 2025 if the proposed budget for next fiscal year 2025-26 is approve by the Parliament.
Federal Finance Minister Muhammad Aurangzeb tabled the budget with total outlay of Rs17,573 billion with focus on economic growth.
Reports broadcast by local news channels suggest that the prices of motorcycles are likely to increase in new fiscal year as the government taking steps to increase revenue generation to meet the expense and reduce budget deficit.
Honda, Suzuki, Yamaha lead the two-wheeler market in Pakistan with their impressive motorcycle variants. The top selling motorcycles in Pakistan include Honda CD70, CG125, Suzuki GS150 and others.
If the reports of an increase in motorcycle prices prove true, there would be an additional burden on buyers in Pakistan.
Meanwhile, imposition of a carbon levy on petroleum products has been proposed in the federal budget for the fiscal year 2025-26.
Carbon levy of Rs 2.5 per liter is expected to generate around Rs 48 billion in the next financial year.
The levy on motor spirit and high-speed diesel will be doubled to Rs 5 per liter in the following fiscal year which will generate Rs96 billion in 2026-27.
In addition to the existing petroleum levy, a carbon levy of Rs 2 per liter (Rs 2,665 per metric ton) will be imposed on furnace oil. It will be enhanced to Rs 5 per liter in the following financial year.
For imposing carbon levy, the federal government will amend the Petroleum Products (Petroleum Levy) Ordinance 1961. It will boost revenue while addressing environmental concerns linked to fossil fuel consumption.
