Govt decides to keep prices of petroleum products unchanged

ISLAMABAD: The Federal government for the third consecutive time announced to keep prices of petroleum products unchanged despite a declining trend in the international market.

Finance minister Ishaq Dar in a briefing said that the government has decided to keep prices of petroleum products unchanged for next quarter till December 15, 2022. The new prices of petrol and diesel will be Rs224.80 as well as Rs235.30.

On the other hand, the Finance minister also announced to reduce Rs7.5 light diesel and Rs10 kerosene oil per litre. It is pertinent to note that the government is charging Rs50 per litre Petroleum Development Levy on petrol and Rs12.59 per litre on diesel.

Meanwhile, there is no sales tax on petroleum products. He also announced to extend the date of Income tax returns for another one month till December 15, 2022. The minister urged the people to take advantage of this opportunity and file their tax returns at the earliest.

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