Revision of Sales Tax Rate on Petroleum Products
Federal Government vide SRO383(I)/2015 dated 30.04.2015 has again revised rate of sales tax on import and local supply of petroleum products. These rates have been made effective from 01.05.2015. New rates and previous rates are as under:
| Sr. No. | Description | PCT Heading | Rate of sales tax as on 30.04.2015 | Rate of Sales Tax w.e.f. 01.05.2015 |
| 1 | Motor Spirit (HOBC) | 2710.1210 | 18% | 17% |
| 2 | Motor Spirit excluding HOBC | 2710.1210 | 18% | 20% |
| 3 | Kerosene | 2710.1911 | 18% | 17% |
| 4 | Light Diesel Oil | 2710.1921 | 18% | 17% |
| 5 | High Speed Diesel Oil | 2710.1931 | 32% | 34% |