Prices of certain POL products cut: scheme for non-filer traders to be tabled in NA today: Dar

Finance Minister Ishaq Dar Thursday said the government would present a scheme to bring non-filer traders into the tax net in the National Assembly today (Friday) for seeking parliament endorsement before its implementation. Talking to media prior to the Economic Co-ordination Committee (ECC) of the Cabinet meeting, Dar also announced reduction in petroleum products. The finance minister stated that prices of few petroleum products have been reduced while a few will remain unchanged for the current month of the new calendar year.
The prices of those petroleum products, being reduced, would be applicable from today (January 1 2016). The government has been under server criticism from opposition parties for not passing on the benefit of low oil prices in the international market to the domestic consumers.
Dar said the government has decided to reduce the price of light diesel oil (LDO) by Rs 8.29 per liter and kerosene oil price by Rs 8.070 per liter. With the reduction in their prices, the LDO would be sold in the current month at Rs 44.94 per liter against Rs 53.23 for the last month and kerosene oil at Rs 48.26 per liter against Rs 56.32 per liter. Similarly, he said the price of High Speed Diesel was being reduced by Rs 3 per liter and its new price from today would be Rs 80.79 per liter against Rs 83.79 per liter for the last month. However, Finance Minister stated the there would be no change in the price of petrol and high octane (HOBC) and petrol would continue to be sold at Rs 76.26 per liter and high octane at Rs 80.66 per liter.