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 diesel prices would be reduced by more than “Rs30 to Rs32” following the discussions with refineries. “Prime Minister Shehbaz Sharif also made a request to the refineries. He instructed me, and after that we…
The Pakistani government has announced a significant reduction in diesel prices after negotiations with refineries, according to Petroleum Minister Ali Pervez Malik. The price decrease is expected to be more than Rs30 to Rs32, a move praised by Prime Minister Shehbaz Sharif. Malik stated that the refineries accepted the government's demand, acknowledging the challenges while finalizing the reduction.
Tarar, the minister of petroleum and natural resources, emphasized that refining is crucial to diesel production and that Ogra will soon announce the exact reduction figure. The prime minister chaired a meeting to hold negotiations with oil refineries and extend relief to the public. Tarar explained that the government understands the hardships faced by people, noting a global rise in oil prices due to the Middle East war.
To provide relief, the government has used subsidies, targeted subsidies, and spent Rs130 billion. The move is seen as a significant step and a gift to the people, potentially benefiting goods transporters and public transport users who rely on diesel. The prime minister expressed hope that this reduction would have a positive economic impact and hinted at more positive news in the coming days.
Written by urgent.news from Dawn's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
