Further Increase in Rate of Sales Tax on Petroleum Products
Federal Government vide SRO 83(I)/2015 dated 30.01.2015 amended its notification No. 1152(I)/2014 dated 30.12.2014. Rate of sales tax has been increased from 22% to 27% on import and local supply of petroleum products namely, Petrol including Hi-Octane, Kerosene Oil, Light Diesel Oil and High Speed Diesel Oil.
This notification will take effect from 01.02.2015