ISLAMABAD: Federal Board of Revenue (FBR) has reduced sales tax rate on petrol to 7 percent from 15 percent.
The FBR issued SRO 663(I)/2017 to notify sales tax rates applicable during June 2018. According to the notification the sales tax rate on petrol has been sharply reduced to 7 percent from 15 percent.
Similarly, the sales tax rate on high speed diesel the sales tax rate has been reduced to 17 percent from 25 percent.
The sales tax rate on kerosene oil has been 7 percent and on light diesel to one percent from 12 percent and 11.5 percent, respectively.
