The regulator has recommended a Rs2.50 per liter increase in price of High-Speed Diesel (HSD), Rs0.50 per liter increase in the price of petrol, and Rs1 per litre in the prices of Light Diesel Oil and Kerosene Oil
The FBR had to amend S.R.O. 57(I)/2016 (sales tax on petroleum products) through a notification S.R.O. 557 (I)/2021 on Monday.
The sales tax on Kerosene oil has been reduced from 17 percent to 15.44 percent on Kerosene oil and from 17 percent to 7.56 percent on Light diesel oil.