Ishaq Dar, the finance minister, stated on Tuesday that there wouldn’t be a change in petroleum product prices for the ensuing two weeks until November 30.
“The government has decided, after permission from Prime Minister Shehbaz Sharif, that there will be no increase in any petroleum products. All the items, petrol, diesel, light diesel oil and kerosene […] their prices will remain unchanged from Nov 16 to Nov 30,” he said in a televised address.
Petrol costs Rs224.80 per litre at the moment, HSD costs Rs235.30, LDO costs Rs186.50, and kerosene costs Rs191.83. The administration made the decision to maintain the same gasoline pricing on October 30 as well.
The State Bank of Pakistan and the National Bank of Pakistan 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, said Dar during his brief media appearance yesterday (Tuesday).