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FBR revises sales tax rate on petroleum products

Petrol, with an increase of Rs5, is now available at Rs123.30 per litre, whereas high speed diesel, with an increase of Rs5.01, is now available at Rs120.04 per litre.

ISLAMABAD: The Federal Board of Revenue (FBR) today revised the sales tax rates on petroleum products.

According to an SRO issued by the revenue board, sales tax on high-speed diesel has been slashed from 17% to 11.64%.

Meanwhile, sales tax on petrol has been kept unchanged at 10.54%. The FBR further notified that sales tax on kerosene and light-diesel will also remain unchanged at 6.70% and 0.20%, respectively.

Last week, the government jacked up the price of petrol by Rs5 “owing to the fluctuations in petroleum prices in the international market and exchange rate variation”.

Petrol, with an increase of Rs5, is now available at Rs123.30 per litre, whereas high speed diesel, with an increase of Rs5.01, is now available at Rs120.04 per litre.

In addition, the cost of kerosene is Rs5.46 more and is thus priced at Rs96.26 per litre, while light diesel oil became Rs5.92 dearer to cost Rs90.69 per litre.

Written By

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

1 Comment

1 Comment

  1. Asif shamsher

    September 21, 2021 at 1:36 pm

    I hope it sticks this price otherwise PTI government will have it in terms of elections. Price inflation has gone higher and it is difficult for middle class to sustain this pressure any longer

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