Govt announces 'significant decrease of Rs30-32' in diesel price after talks with refineries
The government on Wednesday announced a “significant decrease” in diesel prices after holding talks with petroleum refineries. Talking to the media, Petroleum Minister Ali Pervez Malik said the government had held talks with refineries and diesel prices would be reduced by more than “Rs30 to Rs32”. “Prime Minister Shehbaz Sharif also made a request to the refineries. He instructed me, and after…
The Pakistani government has announced a significant reduction in diesel prices, following talks with petroleum refineries. Petroleum Minister Ali Pervez Malik revealed that diesel prices would be decreased by more than Rs30 to Rs32 following the discussions. This comes after a series of increases in global petroleum prices due to the Middle East conflict.
Prime Minister Shehbaz Sharif had requested refineries to accept the price cut amid challenges. The government has allocated over Rs100 billion in the past few months to assist citizens with rising fuel costs. The minister assured the public that fuel supplies would remain adequate during this difficult period. The diesel price reduction aims to provide relief to farmers and the general public who rely on diesel for transportation.
The government is also working on upgrading refineries and operationalizing bonded schemes to enhance Pakistan's oil storage capabilities. Tarar, a spokesperson, highlighted the prime minister's commitment to addressing fuel price concerns and expressed optimism about the positive impact on the economy.
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