Change of Rate of Sales Tax on Petroleum Products
Federal Government has amended its notification SRO No. 383(I)/2015 dated 31.04.2015 through SRO 470(I)/2015 dated 31.05.2015. Rate of sales tax on petroleum products w.e.f. 01.06.2015 shall be as under:
Rate of Sales Tax
S. No | Product Description | Old Rate of Sales Tax | New Rate of Sales Tax |
1. | Motor Spirit | 20% | 19% |
2. | High Speed Diesel | 34% | 28% |
3. | Light diesel oil | 17% | 16% |
4. | HOBC | 17% | 17% |
5. | Kerosene | 17% | 17% |