In an effort to revive the delayed $6 billion IMF rescue plan, the coalition government is set to raise the price of gasoline goods by a whopping Rs20 per litre starting on September 1.
According to the letter of intent (LoI) the government delivered to the IMF, petroleum items are subject to a sales tax. However, according to the sources, the rate of sales tax will probably increase starting in the following month, according to Daily Jang.
The federal government is expected to withdraw the sales tax exemptions on petroleum items in order to meet the IMF’s requirements.
