"OGRA has worked out the higher petroleum prices but prime minister has decided against the recommendation and passed on the minimum increase in prices to the consumers," the notification said.
The government has absorbed the higher international pressure of prices through a reduction in petroleum levy and the sales tax, it added.
"It is pertinent to mention that petroleum prices in Pakistan are the cheapest in the region," the notification claimed.
Earlier, the OGRA spokesperson said that the price of petroleum products will be announced tomorrow by the government.
Petrol, with the Rs4 increase, costs Rs127.30 per litre, whereas high-speed diesel, with an increase of Rs2, costs Rs122.04 per litre.
Meanwhile, kerosene oil costs Rs7.05 more and is priced at Rs99.31 per litre, while light diesel oil became Rs8.82 dearer to cost Rs99.51 per litre.
Earlier, the FBR had said it would not extend the deadline for people seeking to file their income tax returns.
However, keeping in view the demand of the business community and the technical issues faced by tax filers due to server errors, the board has extended the last date of filing income tax returns.
Minister for Finance Shaukat Tarin decided to extend the date considering the constant demands from the business community. The tax-collection body had received several applications for the extension of the deadline of filing income tax returns.
The Karachi Chamber of Commerce and Industry (KCCI) confirmed that the finance minister has given a 15-day extension to the people and businessmen to file tax returns.
The business delegation highlighted the issues faced by the tax filers and also shared their concerns regarding other taxes as well.
The KCCI members called for amendments in the ineffective tax policies and raised concerns over implementation of Tax Laws (Third Amendment) Ordinance 2021.
They lamented that all such laws that impose fines always start from Karachi.
The delegation suggested that the term "under-filers" should be replaced with "non-filers" in the Ordinance.
Earlier, FBR officials had directed concerned commissioners to cooperate with filers seeking an extension, sources said.
"People who want a 15-day relief will have to either file an application or apply online, " the FBR had said.
Sources added that aside from those facing hardships, people experiencing technical issues will also be granted an extension in the deadline.
