FBR cuts ST on POL products

The Federal Board of Revenue (FBR) has reduced sales tax on different petroleum products from January 1, 2017 including high speed diesel oil, kerosene and light diesel oil. According to an SRO.1180(I)/2016 issued by the FBR, sales tax on motor spirit remains unchanged at 14.5 percent.
Sales tax rate on kerosene has been reduced from two percent to zero percent from January 1. Sales tax on high speed diesel oil has been decreased from 31 to 25.5 percent, reflecting a decrease of 5.5 percent.