business
Wednesday Nov 30 2022
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Govt keeps petrol price in Pakistan unchanged for next fortnight

Minister for Finance and Revenue Senator Muhammad Ishaq Dar addresses a press conference in Islamabad, on November 30, 2022. — YouTube/PTVNewsLive
Minister for Finance and Revenue Senator Muhammad Ishaq Dar addresses a press conference in Islamabad, on November 30, 2022. — YouTube/PTVNewsLive

  • Govt slashes price of kerosene oil by Rs10 per litre.
  • Price of light diesel oil cut down by Rs7.50 per litre.
  • FBR extends date of filing tax returns.


The price of petrol in Pakistan will remain unchanged at Rs224.80 per litre for the next fortnight, December 1 to 15, Minister for Finance and Revenue Senator Ishaq Dar announced on Wednesday.

In a video address, Dar said the price of high-speed diesel will also remain the same at Rs235.30 per litre.

He announced that the price of kerosene oil has been slashed by Rs10 per litre, while light diesel oil has been reduced by Rs7.50 per litre. The decision was taken following devastations due to flooding in the country and commencement of the winter season.

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
Petrol 
Rs224.80
Rs224.80
Diesel 
Rs235.30
Rs235.30
Kerosene oil
Rs191.83Rs181.83
Light diesel oil
Rs186.50
Rs179

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.

Tax filing date extended

The finance minister also announced the extension of the date for filing tax returns after which citizens can file taxes by December 15.

The finance minister revealed that the decision has been taken keeping in view the business community's demand.

This is the third extension. Earlier, the board extended the date for filing income tax returns for individuals and companies till November 30.