POL prices remain unchanged

Government will bear the burden by making adjustment in sales tax rate, says the Finance Division


Our Correpondent November 16, 2021
PHOTO: FILE

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ISLAMABAD:

The prices of the petroleum products will remain unchanged for the second half of November, as Prime Minister Imran Khan rejected on Monday the recommendations for any increase in their prices, the Finance Division said in a notification.

According to the notification, the oil prices which were notified on November 4 would continue for the fortnight. Accordingly, petrol will be sold for Rs145.82 per litre, diesel for Rs142.62 per litre, kerosene oil and the light diesel for Rs116.53 and Rs114.07 per litre, respectively.

Read More: ‘High prices to lower demand recovery’

“Despite rising petroleum product prices globally, the prime minister of Pakistan has kindly rejected the proposal for enhancement in the prices and desired that the prices of petroleum products from 16th November 2021 shall remain the same … for providing maximum relief to the general public,” it said.

“The said decision has been taken in public interest,” the Finance Division’s notification said. “The government will bear the burden by making adjustment in sales tax rate, etc,” the notification added.

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