Tag Archives: POL Products

FPCCI rejects hike in prices of POL products

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly rejected the hike in prices of petroleum products and it urged the caretaker government to revisit its decision.

POL prices increased; petrol rate increased to Rs91.96/liter

ISLAMABAD: The caretaker government on Monday announced hike in petroleum prices effective from June 12, 2018. The price of petrol has been increased by Rs4.26 to Rs91.96 per liter.

POL prices remain unchanged till June 07: Miftah

ISLAMABAD: The government on Thursday decided to keep the petroleum prices unchanged till June 07, leaving the decision of changing the prices on incoming caretaker government.

Sales tax on POL products sharply reduced; FBR to face collection challenges

ISLAMABAD: Federal Board of Revenue (FBR) will face huge setback in collection as the government massively reduced sales tax rates on petroleum products in order to absorb rise in consumer prices.

Petroleum products import increases by 30.35pc to $11.44 billion during July – April

ISLAMABAD: The imports of petroleum products increased by 30.35 percent during July – April 2017/2018 owing to rising international oil prices.

Finance minister rejects criticism on POL price hike

ISLAMABAD: Finance Minister Dr. Miftah Ismail on Tuesday rejected criticism of Pakistan Peoples Party (PPP) on recent hike in petroleum prices.

Hike in POL prices absorbed through reduction in sales tax rates

ISLAMABAD: The government has absorbed hike in prices of petroleum products through reduction in sales tax and passed half of the increase to end consumers.

Islamabad Chamber calls for reducing sales tax on POL products

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) has advised the government to withdraw the increase in sales tax on petroleum products in order to pass on the real benefits of reduction in prices to general public and industry.

POL products prices reduced, sales tax rates increased

ISLAMABAD: The government on Saturday reduced prices of petroleum products but at the same time it enhanced the sales tax rates in order to avoid revenue shortfall.

FBR announces sharp increase in sale tax on POL products

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified significant increase in sales tax rate on supply of kerosene oil and light diesel oil.