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ISLAMABAD: 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.
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. The new prices will come into effect from October 1.
The government last revised fuel prices on September 21 when it announced an increase of Rs.1.45 per litre int he price of petorl. The high-speed diesel (HSD) price was kept unchanged by adjusting the petroleum levy (PL) and other margins on petroleum products with effect from September 21 till 30th.
On September 2, the federal government jacked up the rate of petroleum levy (PL) on petrol by 87%, i.e, an all-time high to meet the condition of the IMF, in the fortnightly review of petroleum products prices for the first half of September 2022.