ISLAMABAD – The Federal government of Pakistan has increased the sales taximposed on petroleum products to cope up with the current account deficit.
As per details, the government increased the sales tax to increase itsrevenue and after this increased, 17 percent sales tax will be collected onpetrol, diesel, light diesel and kerosene oil.
The government has announced to increase the sales tax on petrol by 9 percent following which the price of petrol will be cut by Rs 4.86 contrary toRs 9 announced late Monday.
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The recent retails have announced that the sales tax on diesel has beenincreased by 4 per cent, on light diesel by 16 per cent while on Keroseneoil has been increased by 17 per cent.
