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Latest Petrol Price in Pakistan from 16 November

Latest Petrol Price in Pakistan from 16 November

Pak govt keep petrol price unchanged at Rs224.80 litre next fortnight.

Ishaq Dar, the federal minister of finance and revenue, made the announcement via a televised broadcast. The cost of Petrol Price , high-speed diesel, and light diesel oil are all the same at Rs224.80, Rs235.30, and Rs191.83, respectively. Beginning on November 16, the pricing will not change for the following fortnight.

The government last reduced the price of Petrol on September 30 by Rs12.63 per litre, providing a significant respite to Pakistan‘s people who are suffering from inflation.

  • Commodity – Existing prices w.e.f 01.11.2022 – New prices w.e.f 16.11.2022 – Sales tax %
  • Petrol            – Rs224.80                                             – Rs224.80                                    – 0.00%
  • Diesel            – Rs235.30                                             – Rs235.30                                     – 0.00%
  • Kerosene
    oil                   – Rs191.83                                              – Rs191.83                                      – 0.00%
  • Light diesel
    oil                   – Rs186.50                                              – Rs186.50                                    – 0.00%

The State Bank of Pakistan (SBP) and the National Bank of Pakistan (NBP) have applied to the Supreme Court to withdraw their appeals against the Federal Shariat Court’s (FSC) directive to the government to completely convert the banking system to Shariah-compliant banking by December 2027, according to Dar during his brief media appearance today.

Prior to this year, the FSC ordered the federal and provincial governments to alter the pertinent legislation and issued orders mandating that the nation’s banking system be interest-free by December 2027.

Following that, an appeal contesting the FSC decision was brought before the top court by commercial banks and the central bank.

 

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