ISLAMABAD: Finance Minister Ishaq Dar announced on Monday that the price of petroleum products would remain unchanged for the next 15 days.
Dar said that the decision to keep petroleum prices unchanged was made with the approval of Prime Minister Shehbaz Sharif.
“I discussed with the prime minister, and it was decided that we will not change the prices of all four petroleum products, and they will remain the same till November 15.” he said in a press conference in Islamabad.
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The current price for petrol is Rs224.80 per liter, Rs235.30 for HSD, Rs186.50 for LDO and Rs191.83 for kerosene. On October 15, too, the government had decided to keep the petrol prices unchanged.
During his media talk today, Dar noted that today was the last day to file tax returns. “But since it got a lot of representation from different groups, we have decided to extend the date to Nov 30,” he said.
Dar also said that the government, after a discussion with the State Bank of Pakistan (SBP), will clear the pending letters of credit with the limit from November 1 being enhanced to $100,000 from the current $50,000.
The finance minister said the International Monetary Fund (IMF) has tasked the government to increase the petroleum levy in line with the commitments made by Pakistan to the money lender.
