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FBR hikes sales tax on petroleum products

ISLAMABAD (Dunya News) – Federal Board of Revenue has hiked sales tax on petroleum products on Thursday with taxing the customers of high speed diesel by additional seven percent.

According to the latest figures, sales tax on high speed diesel has been lifted to 35 percent from the previous 28 percent with a seven percent rise.

Sales tax on high octane petrol has been raised to 23.5 percent from 17 percent, gasoline from 17 percent to 20 percent, light diesel from 8.5 percent to 12 percent while sales tax on kerosene oil remained unchanged at five percent.