close
Wednesday February 01, 2023

Latest petrol price in Pakistan from Dec 1

Price of petrol and diesel will remain unchanged for next fortnight, while govt slashes price of kerosene oil and light diesel oil

November 30, 2022
Federal Minister for Finance and Revenue Senator Muhammad Ishaq Dar addresses a press conference in Islamabad, on November 30, 2022. — YouTubeScreengrab via PTVNewsLive
Federal Minister for Finance and Revenue Senator Muhammad Ishaq Dar addresses a press conference in Islamabad, on November 30, 2022. — YouTubeScreengrab via PTVNewsLive

ISLAMABAD: The Government of Pakistan Wednesday kept the price of petrol unchanged at Rs224.80 per litre amid a delay in the International Monetary Fund's (IMF) ninth review.

Federal Minister for Finance and Revenue Ishaq Dar, in a video address, announced that the price of petrol and high-speed diesel will remain unchanged at Rs224.80 per litre, and Rs235.30 per litre, respectively.

However, the minister revealed that keeping in view the devastations caused by the cataclysmic floods in the country and as the winters are approaching the government has decided to slash the price of kerosene oil and light diesel oil by Rs10 per litre and Rs7.5 per litre, respectively. 

The finance minister revealed that the decision has been taken under the guidance of Prime Minister Shehbaz Sharif in order to provide maximum relief to the low-income segment of Pakistan.

The new prices for the next fortnight will come into effect from December 1.

Commodity Existing prices
w.e.f
15.11.2022
New prices
w.e.f
01.12.2022
Increase/(-) Decrease
(in rupees)
Petrol 
Rs224.80
Rs224.80
+0.00
Diesel 
Rs235.30
Rs235.30
+0.00
Kerosene oil
Rs191.83Rs181.83
-10.00
Light diesel oil
Rs186.50
Rs179
-7.50

It should be noted that the government last slashed the price of petrol on September 30 by Rs12.63 per litre, giving massive relief to the inflation-stricken people of Pakistan.

FBR date extended

Dar also announced the government’s decision to extend the income tax returns filing date till December 15.

The finance minister revealed that the decision has been taken keeping in view the demand of the business community.

This is the third extension. Earlier, the board extended the date for filing income tax returns for individuals and companies till November 30.