After a successive increase in petrol prices, current government has announced a reduction, which is breath for people suffering from inflation.
Addressing media in Islamabad on Friday, “In his first press conference, newly appointed Finance Minister Ishaq Dar announced a huge shortfall of billions of rupees.
A chart of new prices will come at midnight tonight, the newly appointed finance minister said in his press conference.
“Petrol prices reduced by Rs 12.63 to Rs 224.80 per liter from Rs 237.43. Similarly the price of high-speed diesel reduced by Rs 12.13. Now it will be sold at Rs 235.30, down from the current Rs 247.43,” Finance Minister said.
New price of kerosene will be Rs 191.83 after a reduction of Rs 10.19. And the price of light diesel oil will be Rs 186.50 after a reduction of Rs 10.78.
Federal minister also announced an extension of one month in the period for submission of income tax returns. He said that this extension has given keeping in view the requests of the business community, income tax practitioners, and the current post-flood situation. The new last date for filing income tax returns is the 31st of next month.
Ishaq Dar said that government has successfully achieved the revenue collection targets in the first quarter of current financial year. He said that FBR collected Rs 1635 billion in the first quarter of the current financial year while the target for this period was Rs 1609 billion. He said that FBR collected 685 billion rupees during this month.
Soon after announcement cut in petrol prices, Maryam Nawaz tweeted ; “Finally some relief for people” and “Good news”…