Additional authorities reduction on petroleum merchandise

ISLAMABAD: The federal government has given a giant reduction by decreasing the gross sales tax price on petroleum merchandise twice this month.

In response to particulars, the federal government has additional decreased the gross sales tax on petroleum merchandise. The FBR has additionally issued a notification on this regard.

In response to the notification, the gross sales tax price on petrol and excessive pace diesel has been maintained at 17%, gross sales tax on kerosene has been decreased from 9.15% to six.7% and gross sales tax on mild diesel has been decreased from 2.74% to 0.2%.

Additionally learn: Important news regarding petroleum products

It could be talked about that the gross sales tax on petroleum merchandise has been decreased for the second time by the federal government this month. On the ninth of this month, the federal government decreased the gross sales tax on kerosene from 15.44% to 10.07% and the gross sales tax price on mild diesel to three.67%. The speed of gross sales tax on petrol and excessive pace diesel was maintained at 17%.

It could be recalled that on June 15, the federal government had elevated the costs of petroleum merchandise. What

After the hike, the brand new value of petrol was Rs 110.69, the brand new value of excessive pace diesel was Rs 112.55, the brand new value of sunshine pace diesel was Rs 79.68 and the brand new value of kerosene was Rs 81.89.

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