Prices of petroleum products to remain unchanged

GST on petrol has been decreased to 7 percent from the previous 17 percent. The tax regular has also decreased the GST rate on kerosene from 12 percent to 7 percent

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ISLAMABAD: The caretaker government on Thursday decided to let the petroleum prices remain unchanged for the time being.

A senior government official disclosed caretaker ministers didn’t support a price hike in petroleum products, reported Dawn.

Members of the interim government’s cabinet said why should they take the onus for a decision that should have been taken by the previous PML-N led government which had cleared hundreds of summaries and cases in its last week in office.

The previous government had on its last day in the office decided to keep the prices of petroleum products unchanged till June 7th and left the decision of the raise for the caretaker government to take.

Before its tenure ended on May 31st, the government had changed the sales tax rates for petroleum products.

Following the decision taken by the previous government, the interim setup took the decision of not revising the statutory regulatory order notified on May 31st for changes in tax rates.

An official privy of the developments said prices of petroleum products may remain unchanged until July 31st contingent on the caretaker prime minister if he feels for a change.

In line with the SRO passed for sales tax changes, the Federal Board of Revenue has reduced GST for almost all petroleum products.

Previously, a GST of 27.5 percent was charged on high-speed diesel (HSD) and now the rate has been decreased to 17 percent.

GST on petrol has been decreased to 7 percent from the previous 17 percent. The tax regular has also decreased the GST rate on kerosene from 12 percent to 7 percent.

For light diesel oil, the rate has been decreased to 1 percent from the previous 11.5 percent.

 

 

2 COMMENTS

  1. This is unbelievable! Now even the caretaker setups are taken political instead of neutral decisions! They should have made a decision in the best interest of the country and not on the basis of some personal viewpoint.

  2. How to play “kicking the can”:

    1. A person or a team of people is designated It and an empty can is placed in the open playing field. With eyes closed, It counts to an agreed upon number, and the other players run and hide. It then tries to find and tag each of the players, always keeping a watchful eye on the can. Any player who is tagged is sent to the “jail,” usually in plain sight of the can. The rest of the free players attempt to kick the can before being tagged out. If they can kick the can without being caught, they set all the captured players free.

    Aside from accomplishing the game’s title objective, this fast-paced run-around is an exercise in team-oriented, attack-and-conquer strategy.

    To make it more fun, add more people and more cans! Pretty soon the whole country will be playing this game. Let everyone have their fun!

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