Production tax on diesel revised

Saturday, 27 August 2016 00:09 - - {{hitsCtrl.values.hits}}

The Government has increased the production tax on diesel by Rs.10 per litre.

The Finance Ministry said the new increase in tax came to effect from 20 August. Accordingly, the production tax on diesel has been increased to Rs.13 from Rs.3.00.

“The market price of diesel will not be increased due to the new tax revision. Crude oil prices in the world market have declined and, the Government has revised the production tax on diesel in order to claim the advantage from the world oil price decline,” the Finance Ministry statement added.