Levy of Higher Rate of sales Tax on Petroleum Products
Federal Government vide its notification No. 1152(I)/2014 dated 30.12.2014 has imposed 22% sales tax on import and local supply of petroleum products namely, Petrol including Hi-Octane, Kerosene Oil, Light Diesel Oil and High Speed Diesel Oil. Previously these products were liable to 17% sales tax.
This notification will take effect from 01.01.2015