Revised rate of Sales Tax on Petroleum products.
Vide SRO 1180(I)/2015 dated 30.11.2015, Federal Government has amended. SRO 383(I)/2015 dated 30.04.2015 and rates of the petroleum products have been revised w.e.f. 01.12.2015. New rates are as under:–
|
Sr. No. |
Description |
Old Rate of Sales Tax |
New Rate of Sales Tax |
|
1 |
Motor Spirit excluding HOBC |
22% |
24% |
|
2 |
HOBC |
16.5% |
16.5% |
|
3 |
Kerosene |
22% |
22% |
|
4 |
High Speed Diesel |
47.5% |
45.5% |
|
5 |
Light Diesel Oil |
24% |
24% |
A copy of the Notification can be accessed here: