According to the sources, The Federal government notified decreasing sales tax on petroleum products.
As per to a notification issued by the ahtority, the sales tax on Kerosene oil was decreased to 10.07 against the previously charged tax of 15.44%., The sales tax on light diesel was lowered to 3.67% from 7.56%.
The notification further reads that the sales tax would be charged at 17% on petrol, and high-speed diesel, and there would be no changes in it.
It must be noted that Prime Minister Imran Khan on May 31 rejected a proposal by the Oil and Gas Regulatory Authority (OGRA) for an increase in prices of petroleum products for the next 15 days.
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