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Pakistan

Petrol, diesel prices to stay unchanged for next fortnight: Ishaq Dar

  • Govt extends deadline to file income tax returns to December 15
Published November 30, 2022
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Finance Minister Ishaq Dar on Wednesday announced that there would be no change in the prices of petrol and diesel for the next fortnight, Aaj News reported.

In a televised address, the minister said that the deadline for filing tax returns has been extended to December 15.

Dar announced a reduction of Rs7.5 per litre on light diesel and Rs10 on kerosene oil. "The revised price of Kerosene oil will be Rs181 per litre, while for light diesel, it will be Rs179 per litre," the finance minister said, adding that the prices of petrol and high-speed diesel will remain unchanged for the next 15 days.

"The price of petrol will remain at Rs224.80 per litre while the price of high-speed diesel will stay at Rs235.30 per litre for the next fortnight," he said.

The minister said that the deadline for filing tax returns, which was November 30, had been extended by 15 days to December 15. He urged the nation to take advantage of this opportunity and file their tax returns at the earliest.

Comments

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Haroon Nov 30, 2022 10:13pm
Dar Sb is on a mission to make Pakistan default. Abysmal decision considering the fact that IMF deal is in lingo and default risk is high. We are wasting essential dollars by not raising GST on POL products.
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Kashif ALI Dec 01, 2022 02:18am
GST should not be a concern at all. PDL must be levied to the maximum. It is a very right decision by government to keep the prices same, given the fact that International crude oil prices are going down. It is extremely important to shore up the coffers of federal government at the earliest. A rich federal government that is capable of paying back the external debts will show the real symptoms of investors' confidence on our debt. The population of all sort of vehicles is a good indicator that the public can easily afford the expensive fuels. So, if the fuel rates are increased to 250 by raising PDL beyond 50 rupees, there are good chances that FBR target could be achieved. This is more so necessary because fuel consumption is decreasing and we must achieve our target by any means.
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Kashif ALI Dec 01, 2022 02:23am
@Haroon, GST is not a priority as much as PDL should be. GST revenue has to be shared with provinces whereas PDL revenue belongs to federal government solely. So, priority is to enrich the Federal government. Provinces and public are not the priority. So, I endorse the government's decision to keep prices unchanged. It is important that PDL must be collected beyond its annual stated committed target with IMF. Public has no issue with rising prices of fuels. Raising hue and cry for a few days should not be a worrisome matter. And for default prospects, I am sure that less educated and ignorant people should not have the right to speak on such topics which they don't know about at all or have little knowledge. There must be a damn check on the freedom of expression. Discussions on Default must be the sole prerogative of those professionals who have full knowledge about it and could mentor the ignorant people at large.
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