Ishaq Dar massively slashes petrol price by Rs12.63 per litre

Ishaq Dar massively slashes petrol price by Rs12.63 per litre

Following the changes in the prices, petrol will now be available for Rs224.80 per litre.

Ishaq Dar massively slashes petrol price by Rs12.63 per litre. Newly appointed Finance Minister Ishaq Dar on Friday slashed the price of petrol by Rs12.63 per litre giving massive relief to the inflation-weary people.

Addressing his maiden press conference, the finmin also announced an extension in the income return filing date till October 31.

Following the changes in the prices, petrol will now be available for Rs224.80 per litre.

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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
w.e.f.
21.09.2022 
Proposed prices
w.e.f.
01.10.2022
Petroleum levySales tax %Increase/(-) Decrease
Petrol Rs237.42Rs224.80Rs32.420.00%Rs-12.63
Diesel Rs247.43Rs235.30Rs12.580.00%Rs-12.13
Kerosene oilRs202.02Rs191.83Rs150.00%Rs-10.19
Light diesel oilRs197.28Rs186.50Rs100.00%Rs-10.78

While the Federal Board of Revenue (FBR) on Friday extended the date for filing income tax returns for individuals and companies till October 31.

The decision has been taken keeping in view the demand of the business community.