Government will maintain petrol price for two weeks

Minister for Finance and Revenue Senator Ishaq Dar declared on Wednesday that the price of a liter of fuel in Pakistan would remain at Rs224.80 for the next two weeks, from December 1 to 15.

In a video message, Dar stated that the price of high-speed diesel would stay unchanged at Rs235.30 per liter.

He announced a reduction of Rs10 per liter for kerosene oil and Rs7.50 per liter for light diesel. The decision was made in response to the devastation caused by flooding and the onset of winter.

The finance minister disclosed that Prime Minister Shehbaz Sharif decided to provide maximum relief to Pakistan’s low-income population.

On December 1, the revised prices for the next two weeks will take effect.
Notably, on September 30, the Pakistani government reduced the price of gasoline by Rs12.63 a liter, providing massive relief to the country’s inflation-stricken citizens.

Extended tax filing date
The finance minister also announced the extension of the deadline for filing tax returns so that citizens now have until December 15 to file their tax reports.

The finance minister disclosed that the decision was made in consideration of the demand from the business community.

This is the third amendment. Previously, the board extended the deadline for individuals and corporations to file their income tax reports to November 30.