Islamabad: The government has announced an increase in the prices of diesel and petrol by Rs 55 per liter.
Addressing a press conference along with Finance Minister
Muhammad Aurangzeb and Federal Minister for Petroleum Ali Pervez Malik, Ishaq
Dar said that petrol prices are skyrocketing worldwide. He said that the attack
on Iran has led to a huge increase in the prices of petroleum products. This
week, the price of US crude oil has increased by about 35 percent and Brent by
about 28 percent.
The Deputy Prime Minister said that a committee has been
formed on the instructions of the Prime Minister, which is continuously
reviewing the supply and prices of petroleum products. The Prime Minister has
formed a committee under my leadership which is reviewing the prices.
Ishaq Dar said that the increase in oil prices in the
international market will have negative effects on the people and various
sectors of the economy, the government has decided to increase the prices of
petroleum products.
He further said that they are in touch with all different
countries so that tensions in the region can be minimized, Pakistan is trying
to reduce tensions by bringing friendly countries together, and trying to put
the least burden on the people.
In this matter, Finance Minister Muhammad Aurangzeb has said
that petroleum products are increasing every day, a committee was formed on the
instructions of Prime Minister Muhammad Shehbaz Sharif, the prices of petroleum
products are increasing significantly on a daily basis.
He said that energy and Pakistan's economy are
interconnected, thank God that we are in a good position with regard to macro
stability, the Petroleum Minister has made a lot of efforts with regard to
demand management and load management.
Muhammad Aurangzeb further said that on the instructions of
the Prime Minister, he will meet the four provincial Chief Ministers and Chief
Secretaries in the next two days.
It should be noted that after the government’s increase of
Rs 55 per liter, the new price of petrol will be Rs 321.17 and the new price of
diesel will be Rs 335.86 per liter.
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