Sales on Tax on Petrol and Diesel enhanced

News Image

MG News | August 07, 2017 at 03:10 PM GMT+05:00

0:00

Federal Board of Revenue has reduced the sales tax on petrol and diesel effective August 5, 2017 aimed to cut the product prices to be sold consumers.

The government has reduced the petrol and diesel price effective August 6, 2017 after slashing the sales tax. Federal minister of finance Ishaq Dar on Saturday made an announcement trimming of petrol and diesel prices by Rs 1.80 and Rs 2.50 per liter respectively. The new price has been Rs 69.50 per liter and Rs 77.40 per liter respectively.

Following the reduction the sales tax on petrol has been curtailed to 3 percent to 20.5 percent and on diesel by 4.5 percent to 35.5 percent. The government on July 31, 2017 due to unavoidable circumstance, the petrol price remained unchanged which boosted the sales tax on petrol from 20.5 percent 23.5 percent while on diesel it has been increased to 40 percent from 33.5 percent.

Related News

Name Price/Vol %Chg/NChg
KSE100 136,379.97
273.10M
0.32%
440.10
ALLSHR 84,648.35
701.94M
0.06%
47.97
KSE30 41,546.23
70.12M
0.42%
172.55
KMI30 191,719.76
71.30M
0.34%
649.79
KMIALLSHR 55,827.74
371.98M
0.16%
89.67
BKTi 37,827.61
18.93M
-1.72%
-662.14
OGTi 27,670.67
7.41M
-0.42%
-117.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,890.00 119,915.00
118,820.00
-740.00
-0.62%
BRENT CRUDE 68.71 69.09
67.71
0.00
0.00%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
1.80
1.90%
ROTTERDAM COAL MONTHLY 104.50 0.00
0.00
-1.05
-0.99%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.68 66.69
66.58
0.30
0.45%
SUGAR #11 WORLD 16.55 16.67
16.40
-0.01
-0.06%

Chart of the Day


Latest News
July 16, 2025 at 11:00 PM GMT+05:00

SBP raises Rs342bn in PIB Auction


July 16, 2025 at 10:17 PM GMT+05:00

TRG case files stolen en route to Islamabad


July 16, 2025 at 05:45 PM GMT+05:00

PM pushes for digital, International-Standard education


July 16, 2025 at 05:09 PM GMT+05:00

Gold price in Pakistan falls Rs3,000 per tola


July 16, 2025 at 04:06 PM GMT+05:00

PSX Closing Bell: On the Rise



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg