Business

ISLAMABAD (Web Desk) – The government has decided not to increase prices of Hi-Octane, kerosene oil and light diesel to provide relief to the masses in view of the coming winter season.


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Talking to newsmen in Islamabad on Saturday evening, Finance Minister Ishaq Dar said the government has only approved increase of Rs 2.50 for petrol and Rs 1.75 for Hi-Speed diesel from November 1.

The new price of petrol will now be Rs 76.26 midnight onwards.

To a question, Dar said the Federal Board of Revenue (FBR) has witnessed an increase of 20 percent revenue collection in first quarter of the current fiscal year as compared to the last year.

He added that it has also been decided to extend time for filing of tax returns for one month and now the new date for this purpose will be November 30.