NO Sales Tax in Oil Price Component – Pakistan 2022

Changes in gasoline and diesel prices in Pakistan mirror those of crude oil prices, which are determined in the global crude oil market by the worldwide demand for and supply of crude oil. Per-barrel costs for crude oil – the No. 1 factor in the cost of producing gasoline and diesel – reflecting the global oil oil supply/demand balance and inventories, among other factors. Sales Tax  abolished in Current scenario because of High oil Prices in International Market.

Ex Refinery Price changed  92% while total price increased is 43% .Source by Ogra.https://ogra.org.pk/ifem-notifications