ISLAMABAD: Finance Minister Ishaq Dar on Friday announced a major reduction in the price of petrol and slashed it by Rs12.63 per litre.
The newly appointed finmin, while addressing his maiden press conference in the federal capital, said that the decision to reduce prices of petroleum products has been taken after consultation with Prime Minister Shehbaz Sharif.
Following the changes, petrol will be available at Rs224.80 per litre from October 1.
Meanwhile, there is also a decrease of Rs12.13 in the price of high-speed diesel, after which the new price will stand at Rs235.30 per litre. The price of light diesel oil will be Rs191.83 after a decrease of Rs10.19 per litre.
Commodity | Existing prices | New prices | Petroleum levy | Sales tax % | Increase/(-) Decrease |
Petrol | Rs237.42 | Rs224.80 | Rs32.42 | 0.00% | Rs-12.63 |
Diesel | Rs247.43 | Rs235.30 | Rs12.58 | 0.00% | Rs-12.13 |
Kerosene oil | Rs202.02 | Rs191.83 | Rs15 | 0.00% | Rs-10.19 |
Light diesel oil | Rs197.28 | Rs186.50 | Rs10 | 0.00% | Rs-10.78 |
Moreover, the finance minister also announced a 31-day extension to the date of filing tax returns.
Later a statement issued by the Finance Division mentioned that the government decided to decrease the prices of petroleum products in the wake of the reduction of petroleum products prices in the international market and with a view to providing relief to the consumers.
Omar Ayub says PTI to continue democratic protests against government’s mishandling of national affairs
147th birth anniversary of Dr Iqbal will be observed on November 9 across Pakistan
Fed expected to cut interest rates by 25 basis points
Central Power Purchasing Agency had initially requested reduction of 71 paisa per unit for September, based on its data
Aurangzeb outlines agenda, covering economic challenges, fiscal policies, and necessary reforms to stimulate growth
Online fast-fashion platforms trade allegations of copyright infringement in competing lawsuits