ISLAMABAD: Federal Finance Minister Senator Ishaq Dar has announced Rs 1.5 increase in petrol and Rs 1.40 in diesel price on Thursday.
Ishaq Dar has announced to increase petrol price by Rs 1.5 and diesel by Rs 1.40 per litre. He also said that Oil and Gas Regulatory Authority (OGRA) wanted the government to increase more petroleum prices but the government has agreed to increase pirces upto 1 rupee.
He also said that OGRA had also recommended to increase high octane, light diesel and kerosene oil prices but they will remain same while the government will bear heavy losses.
The minister has also increased time limit of 4% withholding tax on bank term deposits and tax return file.