Daily Times

Following a decline in the price of oil on the global market, Prime Minister Shehbaz Sharif on Tuesday requested a summary from the Ministries of Finance and Petroleum recommending a decrease in the price of petroleum products.

While presiding over a meeting at the PM Office, the PM called a summary for a decrease in oil prices. Representatives from OGRA and other ministries and departments attended the meeting.

“People have made sacrifices they should reap the benefits of this,” PM was quoted by Information Minister Marriyum Aurangzeb on Twitter. She also quoted the PM as saying that the people have gone through difficult times and it is their right to get the “complete benefit” of the price reduction.

“The price reduction seen internationally should be transferred to the people with full transparency,” said the PM. He assured the nation that his government will continue to work to reduce the inflation that was imposed due to the actions of his predecessor.

The directives came two days ahead of the fortnightly summary presented to the prime minister on the prices of petroleum products. The government notifies changes in oil prices on the 1st and 15th of each month.

Head of Prime Minister’s Strategic Reforms Salma Sufi assured the people that the £relief measure will have no impact on IMF program”.

“It is strictly due to the petroleum prices reduction in the international market. As the prices fall further internationally, prices shall reflect that in Pakistan,” said Sufi.