FBR slices sales tax on petrol to 10.77pc

ISLAMABAD: The Federal Board of Revenue (FBR) on Monday reduced the sales tax rate to 10.77 percent on supply of petrol from 16.40 percent.
The FBR issued SRO 937 (I)/2021 to notify the reduction in sales tax rate on petrol.
The federal government on July 15, 2021 announced an increase of Rs5.4 to Rs118.09 in price of petrol from Rs112.69. Similarly, the prices of high-speed diesel increased by Rs2.54 per litre, from Rs113.99 to Rs116.53. Kerosene oil price increased by Rs1.39 per litre, from Rs85.75 to Rs87.14. Price of light diesel oil also increased by Rs1.27 from Rs83.40 per litre to Rs84.67 per litre.
The sales tax rates on other petroleum products have been kept unchanged as per the notification issued on July 06, 2021.
The sales tax rates are: high speed diesel, 17 percent; kerosene oil 6.7 percent; and light diesel oil at 0.2 percent. – TLTP

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