ISLAMABAD: The federal government has decided to reduce the price of diesel by up to Rs 32 per litre, Petroleum Minister Ali Pervaiz Malik said.
The petroleum minister said the government was aware of the difficulties and hardships being faced by the public and was making every possible effort to provide immediate relief.
He said the decision to provide subsidies on petroleum products was also part of the government’s efforts to ease the burden on consumers.
Ali Pervaiz Malik said the government was taking steps to protect the public and expressed hope that the current difficult situation would eventually ease.
He attributed the recent increase in petroleum prices to an escalation in the intensity of the war, adding that several countries were facing difficulties in securing adequate diesel supplies.
The petroleum minister said oil refineries had decided to reduce the price of diesel by between Rs30 and more than Rs32 per litre.
The development comes as the government seeks to provide relief to consumers amid higher petroleum prices and supply-related challenges.
Good News for Consumers: PM Shehbaz Orders Immediate Action to Cut Fuel Prices
Earlier, Prime Minister Shehbaz Sharif has directed Petroleum Minister Ali Pervaiz Malik to take immediate measures to provide relief to the public from fuel prices and travel to Karachi to hold talks with oil refineries.
The directives were issued during a meeting between Prime Minister Shehbaz Sharif and Petroleum Minister Ali Pervaiz Malik. Information and Broadcasting Minister Attaullah Tarar, Economic Affairs Minister Ahad Khan Cheema, Climate Change Minister Dr Musadik Masood Malik and National Assembly member Hamza Shehbaz also attended the meeting.
The prime minister ordered the petroleum minister to rush to Karachi and make a deal with the local oil refineries regarding the possibility of lowering the prices of locally manufactured diesel.
PM Shehbaz observed that a considerable part of the country’s diesel is locally refined and emphasized the need for doing whatever was possible to bring down the price.
He asked the petroleum minister to visit the refineries personally and finish the deal on an urgent basis.
The prime minister further instructed the authorities to make every possible effort to provide immediate relief to the public.
