PM Shehbaz says prices of petroleum products not being increased despite uptick in global market – Business
Prime Minister Shehbaz Sharif on Friday decided that the prices of petroleum products would not be increased this time despite the uptick in the global oil market.
According to a statement issued by the Prime Minister’s Office (PMO), PM Shehbaz was quoted as saying that prices were not being increased to reduce the burden on the common man.
He said that as per his “promise”, he would provide relief to the people as much as possible.
“The global economy is currently under pressure due to regional tensions, which is likely to have a profound impact on Pakistan’s economy,” the premier said.
He said that because of timely policy-making, austerity measures by the government and financial discipline, efforts were being made to deal with this situation effectively.
The premier further added that provincial governments were also supporting the Centre in its austerity measures, which was welcome.
He said that due to the efforts of the diplomatic and economic teams, adequate quantities of crude oil were available for the country’s needs.
“The federal and provincial governments are working together to ensure that no one is charged more than the price set by the government,” he said. He prayed that the global situation would improve and that the prices of petroleum products would stabilise.
More to follow
