The Ministry of Finance and Revenue has extended tax exemptions on imports of diesel, fertilizer, and liquefied natural gas (LNG) through the end of August. This measure aims to address the impact of rising fuel prices linked to conflicts in the Middle East.

Initially, from April 1 to May 31, imports of high-speed diesel (HSD 500 ppm) were exempt from customs duty, special goods tax, commercial tax, and a two percent advance income tax. Following this period, the ministry approved a continuation of these exemptions for an additional three months, covering imports processed under Import Declarations (IDs) issued by the Customs Department.

The extension seeks to stabilise costs associated with diesel-powered transportation services and goods, including essential food items that depend on diesel-powered logistics. The ministry emphasized that the exemption applies not only to diesel but also to imports of fertilizer and LNG, further supporting sectors reliant on these resources amid fluctuating international fuel markets.

By maintaining these duty and tax waivers, the government intends to mitigate inflationary pressures stemming from higher fuel prices and support economic stability during a period of global supply volatility.