According to an official statement made by the Prime Minister’s office on Monday, Prime Minister Imran Khan rejected the planned increase in petroleum product prices to relieve people of the additional burden.
The summary to raise the price of petrol by Rs11 per litre and the price of diesel by Rs14 per litre was rejected by the premier, according to the communiqué.
It went on to say that PM Imran had seen that oil prices had been growing globally, but that the government will make every effort to protect the people from the rising costs.
It went on to say that the government would bear the cost increases in order to keep the public at peace.
Dr. Shahbaz Gill, the Prime Minister’s Special Assistant, verified the news on Twitter, adding that the PM “had deferred the summary to save the people from the burden.”
According to the PM’s adviser, “prices will not be hiked for the time being.”
وزیراعظم نے پٹرول 11 روپے ڈیزل 14 روپے بڑھانے کی سمری کو منظور نہیں کیا۔ وزیراعظم نے کہا کہ پوری دنیا میں بڑھتی مہنگائی کی وجہ سے تیل کی قیمتیں بڑھ رہی ہیں لیکن پاکستانی عوام کو اس مہنگائی سے بچانے کے لئے حکومت ہر ممکن کوشش کرے گی۔ اس لئے وزیراعظم نے اس سمری کو ڈیفر کردیا۔
— Dr. Shahbaz GiLL (@SHABAZGIL) January 31, 2022
Following variations in global crude oil prices, it was announced two days ago that consumers could face another significant hike in petroleum product costs, with rates potentially rising by up to 10% on February 1, 2022.
On Wednesday, oil hit a seven-year high of $90 a barrel in the worldwide market, thanks to tight crude supplies and geopolitical tensions in Europe and the Middle East.
According to the report, customers in Pakistan could see a price hike of Rs10.72 per litre, or 9.49 percent, in high-speed diesel.
This fuel is commonly utilised in the transportation and agriculture industries. Because of the potential for inflation, any increase in its price will be felt by everyone.
