Govt slashes levy on petroleum products
The new rates of petroleum levy and sales tax will come into effect from today.
ISLAMABAD (Dunya News) – The federal government on Wednesday reduced the levy on petroleum products.
According to sources, sales tax on petrol and high speed diesel has been increased, while levy on petrol has been reduced by Rs 1.83 per liter from Rs 4.80 to Rs 2.97 per liter.
The levy on high speed diesel has been reduced by Rs 1.53 per liter from Rs 5.14 per liter to Rs 3.61 per liter. The sales tax on petrol has been increased 31 paisa per liter after which sales tax on petrol has gone up from Rs 15.77 paisa to Rs 16.8 paisa.
Sources said that sales tax on high speed diesel has been increased by 26 paisa per liter from Rs 16.9 paisa to Rs 16.35 paisa.
The new rates of petroleum levy and sales tax will come into effect from today.
