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PM Shehbaz asks for summary to slash petroleum prices

Zain Aijaz by Zain Aijaz
July 13, 2022
in Featured, Latest News, National, News, Top News
Reading Time: 1 min read
pm shehbaz sharif
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Amid the decrease in international oil prices, Prime Minister Shehbaz Sharif has asked the ministries to prepare a summary to reduce petroleum prices in Pakistan. During a meeting in Islamabad on Tuesday, Prime Minister involved the petroleum and finance ministries and asked them to put forward the summary, suggesting a drop in petrol rates. The premier termed the initiative as a gift to the public for Eid-ul-Adha.

وزیراعظم شہباز شریف کا بڑی عید پر عوام کو بڑی خوش خبری دینے کا فیصلہ. وزیراعظم کا عالمی منڈی میں تیل کی قیمتوں میں کمی کا پورا فائدہ عوام کو منتقل کرنے کا بڑا فیصلہ. وزیراعظم نے وزارت پٹرولیم اور وزارت خزانہ سے تیل کی قیمتوں میں کمی کی سمری مانگ لی.

— Prime Minister's Office (@PakPMO) July 12, 2022

Mr Sharif added that the government would convey the full benefit of price drop in the international market to the general consumer. He further said that the previous government created difficult situations for the public, and they deserved relief.

Previously the government had jacked up the petroleum prices by Rs18.83. Since the coalition government came into power, petrol prices have surged to Rs248.74 per litre.

The government said that they needed to hike prices to fulfill International Monetary Fund’s (IMF) requirement. However, this time they decided to bring down prices by looking at the ‘international market’.

عالمی منڈی میں جتنی کمی ہوئی ہے، پوری شفافیت کے ساتھ عوام کو اس کی منتقلی یقینی بنائیں: وزیراعظم کی ہدایت. سابق حکومت کی لائی مہنگائی سے ستائے عوام کی حتی المقدور اشک شوئی کرتے رہیں گے: وزیراعظم کا اجلاس سے خطاب.

— Prime Minister's Office (@PakPMO) July 12, 2022

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Zain Aijaz

Zain Aijaz

Zain is a media student and a writer by passion. He is a certified creative writer from Wesleyan University and enthusiastically writes on non-fiction and political satire. He is vastly experienced in the field of theatre and has served as a theatre mentor across different institutions. Currently, he is a contributor at The Upcut and can be reached at zainaijazdehlvi@gmail.com

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