Islamabad: The Federal government has announced to lower sales tax on petroleum products.
According to a notification issued today, the sales tax on Kerosene oil was lowered to 10.07 against the previously charged tax of 15.44%. The sales tax on light diesel was lowered to 3.67% from 7.56%.
However, the notification mentioned that the sales tax would be charged at 17% on petrol, and high-speed diesel, and there would be no changes in it.
Prime Minister Imran Khan on May 31 turned down a proposal by the Oil and Gas Regulatory Authority (OGRA) for a rise in prices of petroleum products for the next 15 days.
The current price of petrol stands at Rs108.76 per litre, whereas the per-litre prices of diesel, kerosene oil, and light diesel are Rs110.76, Rs80, and Rs77.65.86, respectively.