The Federal Board of Revenue (FBR) has increased the sales tax on petrol from 1.63 percent to 4.77 percent from January 1, 2022. The FBR has issued SRO1(I)/2022, here on Tuesday.

According to the notification, sales tax on high-speed diesel oil has been increased from 7.37 percent to 9.08 percent. The sales tax on kerosene has been raised from 8.19 percent to 8.30 percent. The FBR has also increased sales tax on light diesel oil from 0.46 percent to 2.70 percent.

This story was first published in Business Recorder on Jan 5, 2022.