ISLAMABAD, Aug 19 (APP):Minister for Information and Broadcasting Attaullah Tarar on Wednesday said successful negotiations with oil refineries had paved the way for a reduction of around Rs32 per litre in diesel prices, providing major relief to the public. Speaking alongside Petroleum Minister Ali Pervaiz Malik, he said Prime Minister Shehbaz Sharif had chaired a meeting earlier in the day with the petroleum minister, petroleum secretary and relevant officials and …
Tarar announces major diesel price relief following PM’s directives
ISLAMABAD, Aug 19 (APP):Minister for Information and Broadcasting Attaullah Tarar on Wednesday said successful negotiations with oil refineries had paved the way for a reduction of around Rs32 per litre in diesel prices, providing major relief to the public.
Speaking alongside Petroleum Minister Ali Pervaiz Malik, he said Prime Minister Shehbaz Sharif had chaired a meeting earlier in the day with the petroleum minister, petroleum secretary and relevant officials and directed negotiations with oil refineries to ensure that possible relief was passed on to consumers.
Tarar said the Oil and Gas Regulatory Authority (OGRA) would announce the reduction shortly, adding that the petroleum minister had made considerable efforts to make the negotiations successful.
He said a significant portion of diesel was refined and produced locally, adding that the reduction would particularly benefit farmers, goods transport and public transport, which rely on diesel.
The minister said the government was aware of the difficulties faced by the people amid rising global oil prices following the war situation.
He said the government had provided subsidies and targeted subsidies whenever possible and spent Rs130 billion to prevent petrol prices from increasing during difficult circumstances.
Tarar termed the diesel price reduction a major relief for the people, saying it would reduce their burden and have positive effects on the wider economy.
He said the prime minister’s meeting on the issue earlier in the day had resulted in the relief, adding that further good news would come in the coming days.
