ISLAMABAD: Minister of State for Interior, Senator Talal Chaudhry, has attributed the recent rise in energy prices to the ongoing tensions in the Middle East and Iran. In a statement on the social media platform X, Chaudhry mentioned that within just a few days, the price of crude oil increased from $78 to $106, while diesel prices nearly reached $150 per barrel.
Chaudhry acknowledged the significant global pressure and sharp price hikes but assured that the government of Pakistan has worked diligently to keep domestic prices as low as possible under the circumstances.
He issued a stern warning to hoarders and profiteers, stating that those who exploit the situation for personal gain at the expense of the public would face strict legal action.
The Minister emphasized that the government would uphold its authority and ensure that no one is allowed to take advantage of the public during these challenging times.
Read also: Petroleum price surge attributed to global factors, public urged to ignore speculation: Atta Tarar
Federal Minister for Information Attaullah Tarar stated that the recent increase in petroleum product prices is a result of the global situation, impacting not only Pakistan but many other countries as well.
He urged the public on the social media platform X to disregard rumors and speculation regarding fuel prices, assuring that the government and relevant ministries will continue to provide accurate and verified information periodically.
In light of rising inflation, Tarar mentioned that Prime Minister Shehbaz Sharif has instructed the preparation of a workable strategy aimed at promoting savings, frugality, and simplicity in government operations. Relevant authorities have been given a deadline of 48 hours to implement this strategy.
