ISLAMABAD: Federal Board of Revenue (FBR) has increased sales tax on petrol to 20.5 percent, which will be applicable during July 2017.
The FBR on Friday issued SRO 581(I)/2017 to notify the changes the sales tax rates on petroleum products. The sales tax rate on motor spirit excluding HOBC has been increased to 20.5 percent from 19.5 percent that was applicable during June 2017.
However, sales tax on high speed diesel (HSD) has been reduced to 33.5 percent from 34.5 percent. Meanwhile, sales tax on light diesel oil has been increased to 1.5 percent from zero percent. The government decided to keep the sales tax rate at zero percent on supply of kerosene oil.
