Similarly, the prices of light-diesel oil and kerosene oil were also slashed by Rs15 per litre and Rs30.01 per litre. The government already charges 17% general sales tax (GST) on all petroleum products. However, the government reduced it to Rs80.10 per litre and increased the levy on the product by Rs6.79 per litre – an increase of 24%. It increased the levy on the product by Rs11.18 per litre or 273%. However, the government decreased the price to Rs47.44 per litre and increased the levy by Rs18.02 per litre which was Rs6 per litre earlier.

Source: The Express Tribune May 02, 2020 04:41 UTC