Good news: Petrol prices dropped by 12.63 liters.

Good news: Petrol prices dropped by 12.63 liters.

Finance Minister Ishaq Dar delivers a press conference on September 30, 2022 — YouTube screengrab/PTV News Live.
Finance Minister Ishaq Dar delivers a press conference on September 30, 2022 — YouTube screengrab/PTV News Live.

Islamabad: Finance Minister Ishaq Dar on Friday announced a massive price cut of gasoline and reduced the price by 12.63 rupees per liter.

newly appointed FinminAt his first news conference in the federal capital, he said the decision to reduce petroleum product prices was made after consultations with Prime Minister Shehbaz Sharif.

according to change The oil will be available at Rs224.80 per liter from October 1.

meanwhile The price of high speed diesel is also reduced by Rs 12.13, after which the new price is Rs 235.30 per litre, light diesel prices are Rs 191.83 after a decrease of Rs 10.19 per liter.

commodity original price new price Petroleum Taxation Sales tax % increase/(-) decrease
oil ฿237.42 Rs224.80 Rs32.42 0.00% Rs-12.63
diesel ฿247.43 Rs235.30 Rs12.58 0.00% Rs-12.13
kerosene ฿202.02 ฿191.83 Rs15 0.00% Rs-10.19
light diesel ฿197.28 ฿186.50 Rs10 0.00% Rs-10.78

In addition, the Minister of Finance also announced an extension of the deadline for submitting applications by 31 days. tax payoff

Subsequently, a statement from the Finance Department stated that The government decided to reduce the price of petroleum products. due to the reduction in the price of petroleum products in the international market and to alleviate suffering for consumers

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