Petroleum prices to go down as PM seeks summary

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enewspaper.com.pk/Petroleum prices to go down as PM seeks summary

LAHORE, (APP): Prime Minister Muhammad Shehbaz Sharif Tuesday asked the ministries concerned to move a summary suggesting a reduction in petroleum prices as the government had decided to pass on the benefit of reduced oil prices in the international market to the consumers.

The prime minister, chairing a meeting, said the government would pass on the full benefit to the consumers who had been sacrificing owing to the rise in petroleum prices.

He asked the ministries of finance and petroleum to present a summary to him for approval, adding that the people deserved relief after passing through difficult times.

He told the meeting that the government would reduce the oil prices transparently at par with the reduction in the international market, which according to the PM Office statement was good news to the people on the occasion of Eid-ul-Azha.

He said the incumbent government would continue to provide relief to the people hit by the inflation caused by the previous government. By the Grace of Allah Almighty, the government will bring further eases to the people’s lives, he added.

The meeting was attended by the senior officers of the Oil and Gas Regulatory Authority and the relevant ministries and departments.  

Later in a tweet, the prime minister said that he had ordered the ministries of petroleum and finance to pass on the reduction in the prices of petroleum products in the international market to people.

“They have faced economic difficulties and the relief is their right. With Allah’s grace, we will continue to bring ease in their lives, Insha Allah,” he commented.

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