Petrol cheaper in Pakistan compared to global market: Federal Minsters
Petrol cheaper in Pakistan compared to global market: Federal Minsters
ISLAMABAD (Dunya News) – Federal Minister for Power and Petroleum Omar Ayub Khan has said that petrol prices are still lower in Pakistan as compared to global market.
Speaking in National Assembly, Omar Ayub said petrol prices are higher in Bangladesh, India and other countries of the region than Pakistan even after the price revision.
The minister further said that prices of petroleum products are determined keeping in view the international market and price of petrol in the market has increased by 112%. He added that in January price of petrol was Rs116.70, so petrol is still Rs17 cheaper than January.
Omar Ayub further said that government has improved power transmission system which now has capacity of more than 26,000 MW.
Information Minister Shibli Faraz has said the prices of petroleum products have been reviewed due to surge in international oil prices.
In a tweet on Saturday, he said welfare of the people is the priority of government and efforts will be continued to provide them the relief.
The Minister, however, said the increase made in Pakistan is less than when compared with other regional countries.
Earlier on June 26, government decided to revise the existing prices of petroleum products in view of the rising oil prices trend in the global market.
The price of petrol was increased by Rs25.58 to Rs100.10 per litre, while price of High Speed Diesel (HSD) increased by Rs21.13 to Rs101.46 per litre.
On the other hand, the price of Light Diesel Oil (LDO) increased by Rs17.84 to Rs55.98 per litre and the price of Superior Kerosene Oil (SKO), has been increased by Rs23.50 to Rs59.06 per litre.
Federal Minister for Science and Technology Fawad Chaudhry said on social networking site Twitter that he just heard the press conference of the Pakistan Muslim League Nawaz (PML-N) brave leaders who could defend Corruption, Panama, money laundering, fake medical reports but we are not being able to defend 25 rupees hike in petroleum products.
On the other hand, Dr Shahbaz Gill, Special Assistant to Prime Minister Imran Khan for Political Communication, said that it was unfortunate to give political angle to the increase in prices of petroleum products.
Dr. Shahbaz Gill said that the prices of petroleum products are fixed according to the international market, the prices of petroleum products are still the lowest in the Pakistan as compare to the other countries in the region. The price of petrol was 180 rupees in India, 196 rupees in Japan, 174 rupees in Bangladesh and 138 rupees in China, he added.
He said that the government had taken a difficult decision at a difficult time which was necessary for the country s economy. Imran Khan s government does not want to impose additional burden on the people of this country.
