Sales Tax Impact: Oil prices hiked by up to Rs1.07

A notification in this regard was issued by Ogra, following the advice of the federal government.


Zafar Bhutta June 14, 2013
A notification in this regard was issued by the Oil and Gas Regulatory Authority (Ogra), following the advice of the federal government. PHOTO: FILE

ISLAMABAD:


The federal government on Thursday passed the impact of the increase in general sales tax (GST) onto petroleum product consumers by raising oil prices by up to Rs1.07 per litre, effective today (Friday) onwards.


A notification in this regard was issued by the Oil and Gas Regulatory Authority (Ogra), following the advice of the federal government.

According to the notification, the price of petrol has been increased by Rs0.86 per litre and now stands at Rs100.63 per litre. The price of high speed diesel (HSD) has gone up by Rs0.90 to Rs105.50, while light diesel oil (LDO) has been hiked by Rs0.65 to Rs89.90. Similarly, high octane blended component now costs Rs125.48 per litre, witnessing a hike of Rs1.07.

Published in The Express Tribune, June 14th, 2013.

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