Also, PSO was able to recapture a bit of its lost market share in motor spirit
from oil marketing companies Byco Petroleum and Hascol Petroleum.
Others also included motor spirits
worth N3.3 billion and Gypsum, anhydrite whether coloured or not at N2.6 billion.
Presently against the standard GST rate of 17 percent the federal government is collecting 4.5 percent GST on Motor Spirit
excluding HOBC, 12 percent on High Speed Diesel, 1.5 percent on Kerosene while there is no sales tax on Light Diesel Oil(LDO).Similarly against Rs 10 levy per litre on Petrol the government is collecting Rs 6.15 Petroleum Levy, on HSD against Rs 8 per litre the government is charging Rs 6.51 per litre.
and residual oil are the main productsaexported to the USA.
The project consists of three sections Machike-Chak Pirana (135-km), Chak Pirana-Rawat (117-km) and Rwat-Tarujabba (175-km) to transport high speed diesel and motor spirit
With the decision, the ex-depot price of motor spirit
(petrol) was fixed at Rs98.89 per liter, high speed diesel (HSD) was set at Rs117.43, kerosene oil was increased to Rs89.31 per litre and the ex-depot price of LDO was increased to Rs80.54 per litre.
In June 2015, the driver of a tanker carrying the premium motor spirit
, popularly known as petrol, lost control of his vehicle and rammed it into the Asaba Motor Park, killing 69 persons, on board mostly street traders and hawkers as well as travellers.
ISLAMABAD -- The Oil and Gas Regulatory Authority (Ogra) Tuesday recommended an increase of Rs 9.20 per litre in motor spirit
(petrol) price and Rs 13.40 per litre in high speed diesel (HSD) rate for November 2018.
Sales surged despite a year-on-year decline in furnace oil, high-speed diesel (HSD) and motor spirit
(petrol) sales volume by 84%, 32% and 13% respectively.
According to an official statement issued by the Federal Board of Revenue, in view of the directions of the Supreme Court the matter has been reconsidered and the federal cabinet has decided that sales tax rates be reduced from 17 to 12 per cent for motor spirit
and kerosene oil, from 31pc to 24pc on high speed diesel and from 17 to 9pc on light diesel oil.
The price of Motor Spirit
(MS) 92 RON was been increased by Rs3.56 per litre from the existing 84.51 to 88.07 per litre.