Connect with us

Hi, what are you looking for?

Online Business Success

FBR revises sales tax on petroleum products

371518 122743 updates

Last week, the government increased the price of petrol by Rs5. Photo: Reuters
Last week, the government increased the price of petrol by Rs5. Photo: Reuters
  • FBR slashes sales tax on high-speed diesel to 11.64%.
  • Keeps sales tax on petrol unchanged at 10.54%.
  • Sales tax on kerosene and light-diesel will also remain unchanged.

ISLAMABAD: The Federal Board of Revenue (FBR) on Monday revised the sales tax rates on petroleum products.

According to an SRO issued by the revenue board, sales tax on high-speed diesel has been slashed from 17% to 11.64%.

Meanwhile, sales tax on petrol has been kept unchanged at 10.54%.

The FBR further notified that sales tax on kerosene and light-diesel will also remain unchanged at 6.70% and 0.20%, respectively.

Last week, the government jacked up the price of petrol by Rs5 “owing to the fluctuations in petroleum prices in the international market and exchange rate variation”.

Petrol, with an increase of Rs5, is now available at Rs123.30 per litre, whereas high speed diesel, with an increase of Rs5.01, is now available at Rs120.04 per litre.

In addition, the cost of kerosene is Rs5.46 more and is thus priced at Rs96.26 per litre, while light diesel oil became Rs5.92 dearer to cost Rs90.69 per litre.

Source link

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply


Top Stories

African degens are on a journey to the moon. With crypto, African people’s savings are hedged against insane inflation levels, they can find employment...

Top Stories

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption...

Top Stories

Crypto exchange Binance has signed a memorandum of understanding with the Securities and Exchange Regulator of Cambodia (SERC), according to a June 30 announcement. Binance...

Top Stories

When cryptocurrencies like Bitcoin (BTC) go through bear phases like the one we currently find ourselves in, the idea of earning passive income from...

Online Business Success

A representational image of the Federal Board of Revenue building. — APP/File The Federal Board of Revenue (FBR) announced that the last date for...

Top Stories

Bitcoin (BTC) needs to go lower before putting in a macro bottom, one of the market’s most accurate indicators shows. Data from sources including...


You May Also Like


Introductions get a lot of attention. I’ve explored the topic of how to write them even though as a reader, I always skip them....

Online Business Success

The internet is now our nervous system. We are constantly streaming and buying and watching and liking, our brains locked into the global information...

SEO Guide

There are all kinds of pictures of the world on the internet, but to find one of these specific pictures that you want to...

Online Business Success

You can think of link building in many ways. I like to call it tedious, painful, and a test of patience. It’s also necessary...