Now More General Sales Tax on Kerosene & Light Diesel Oil
Government has decided to remove the General Sales Tax (GST) on Kerosene & Light Diesel Oil. In an announcement government said that the GST that applies on all the petroleum based fuel sold in Pakistan will see a revision or complete removal. Government will only remove the GST on Kerosene oil and Light Diesel Oil (LDO) while the 14.5% GST on petrol has been left unchanged.
Government was collecting a 2% and 2.5% tax on kerosene and light diesel oil respectively, which is to waive off. On the other hand the General Sales Tax on the other petroleum products will remain the same.
It is important to mention here that the government was earlier to increase the petroleum products prices up to Rs.7 on the proposal of Oil and Gas Regulatory Authority (OGRA), but later rejected the Ogra summery to remain the prices same for month of January.
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