ISLAMABAD: Federal Board of Revenue (FBR) has notified significant increase in sales tax rate on supply of kerosene oil and light diesel oil.
According to SRO 265(I)/2018 dated February 28, 2018, the sales tax rate for kerosene oil has been increased to 17 percent from 7 percent. Similarly, sales tax rate for light diesel oil has been increased to 17 percent from 7.5 percent.
However, the sales tax rates for petrol and high speed oil have been kept unchanged at 17 percent and 25.5 percent, respectively.
