ISLAMABAD: The Government of Pakistan Wednesday kept the price of petrol unchanged at Rs224.80 per litre amid a delay in the International Monetary Fund's (IMF) ninth review.
Federal Minister for Finance and Revenue Ishaq Dar, in a video address, announced that the price of petrol and high-speed diesel will remain unchanged at Rs224.80 per litre, and Rs235.30 per litre, respectively.
However, the minister revealed that keeping in view the devastations caused by the cataclysmic floods in the country and as the winters are approaching the government has decided to slash the price of kerosene oil and light diesel oil by Rs10 per litre and Rs7.5 per litre, respectively.
The finance minister revealed that the decision has been taken under the guidance of Prime Minister Shehbaz Sharif in order to provide maximum relief to the low-income segment of Pakistan.
The new prices for the next fortnight will come into effect from December 1.
| Commodity | Existing prices w.e.f 15.11.2022 | New prices w.e.f 01.12.2022 | Increase/(-) Decrease (in rupees) |
| Petrol | Rs224.80 | Rs224.80 | +0.00 |
| Diesel | Rs235.30 | Rs235.30 | +0.00 |
| Kerosene oil | Rs191.83 | Rs181.83 | -10.00 |
| Light diesel oil | Rs186.50 | Rs179 | -7.50 |
It should be noted that the government last slashed the price of petrol on September 30 by Rs12.63 per litre, giving massive relief to the inflation-stricken people of Pakistan.
Dar also announced the government’s decision to extend the income tax returns filing date till December 15.
The finance minister revealed that the decision has been taken keeping in view the demand of the business community.
This is the third extension. Earlier, the board extended the date for filing income tax returns for individuals and companies till November 30.
Measures aim to repair municipal balance sheets rather than directly inject money into economy
Domestic consumers will also benefit from discounted rate for additional winter electricity consumption
Energy stocks remain in lime light owing to strong cash flows, payouts, say analysts
In 4MFY25, inflows surged nearly 34.7% year-on-year to $11.8bn
BoE trims borrowing costs by 25 basis points to 4.75% at a regular policy meeting
Omar Ayub says PTI to continue democratic protests against government’s mishandling of national affairs
