Categories: Top StoriesBusiness

Petrol price goes down by Rs 12.63 per litre

F.P. Report
ISLAMABAD: Finance Minister Ishaq Dar on Friday announced a reduction in the price of petrol by Rs12.63 per litre and high-speed diesel by Rs12.13. The new prices will come into effect at midnight tonight, the newly appointed finance minister said while addressing a press conference in Islamabad.
“The petrol price has been reduced to Rs224.80 per litre from Rs237.43 after a reduction of Rs12.63. Likewise, high-speed diesel price is being reduced by Rs12.13. It will now be sold at Rs235.30, [down] from the existing Rs247.43,” the minister said. Similarly, kerosene oil’s new price will be Rs191.83 following a Rs10.19 cut and light diesel oil’s price will be Rs186.50 after a decrease of Rs10.78.
Dar said the decision to slash prices had been taken after a “detailed discussion” with Prime Minister Shehbaz Sharif. He said Rs685 billion had been collected in taxes in the month of September while in the third quarter Rs1,635bn were collected against the target of Rs1,609bn. The minister also underlined that several individuals were facing problems in filing tax returns due to floods and they requested the government to announce an extension in the date.
“In view of the request made by trade bodies and businessmen, we are extending the date for filing income tax returns by a month till Oct 31, 2022. I appeal everyone to file their returns by the new deadline,” Dar added. Shortly after the minister announced the reduction in petrol prices, the PML-N’s official Twitter account tweeted that “more awami relief on its way, Insha’Allah”.

The Frontier Post

Recent Posts

Campbell calls on Asim Munir

F.P. Report RAWALPINDI: General Angus J. Campbell, Chief of Defence Forces Australia, paid a visit…

3 hours ago

Reactions to the crash of the Iranian president’s helicopter

(Reuters): Following are reactions from foreign governments and officials to the news that a helicopter…

4 hours ago

Biden calls Gaza ‘humanitarian crisis’; some Morehouse grads turn their backs

ATLANTA (Reuters): U.S. President Joe Biden delivered the commencement address at Morehouse College on Sunday,…

4 hours ago

Clueless in Gaza

Yossi Mekelberg Israeli Prime Minister Benjamin Netanyahu avoids giving interviews to domestic media outlets, as…

4 hours ago

Oil theft the untold driver of Syria’s enduring humanitarian crisis

Sir Alan Duncan More than 13 years since the onset of civil war, the suffering…

4 hours ago

Europe’s missed opportunity in Tunisia

Hafed Al-Ghwell Once hailed as the Arab Spring’s lone democratic success story, Tunisia is now…

4 hours ago

This website uses cookies.