FBR notifies sales tax rates on petroleum products for May 2019

ISLAMABAD: Federal Board of Revenue (FBR) on Saturday notified sales tax rates for petroleum products for the month of May 2019.

The FBR issued SRO 507(I)/2019 on May 04, 2019 to amend the rates issued on April 30 and also amend the SRO 57(I)/2016 dated January 29, 2016.

Following sales tax rates on petroleum products will be applicable for the month of May 2019:

Petrol 12 percent ad valorem

High Speed Diesel oil 17 percent ad valorem

Kerosene 17 percent ad valorem

Light Diesel Oil 17 percent ad valorem

Earlier, the FBR issued SRO 499(I)/2019 issued on April 30, 2019 and reduced temporarily till May 05 at the rates: petrol 2 percent, HSD 13 percent, kerosene 8 percent and light diesel oil 9 percent.

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