PM Imran Khan is concerned about prices in Pakistan’s fuel prices | Instant News

Prime Minister Imran on Wednesday paid attention to rising prices in the country despite massive cuts in petroleum products and directed officials to ensure that the impact of the cuts “must simultaneously reflect” the prices of important commodities every day.

He also asked the National Price Monitoring Committee to monitor the prices of essential commodities every week as directed by the federal cabinet and set up a mechanism to reduce the prices of important commodities.

In a letter addressed to the chief ministers and chief secretaries of the four provinces and Gilgit Baltistan, and also to his Advisers for Finance and Revenue, Dr. Abdul Hafeez Sheikh, the prime minister stressed that the benefits of reducing fuel prices were given to lay people.

“The Prime Minister wants the Chief Minister / Chief Secretary of the province to personally investigate this issue and make every effort to ensure that the impact of reducing fuel prices must simultaneously reflect the prices of essential commodities every day,” Excerpts read, as shared by the PM Media Office .

“The Prime Minister has taken it [a] a serious view of the fact that while the federal government has drastically reduced POL prices in recent months, there has been no corresponding reduction in prices of basic commodities, but this shows [an] an upward trend, “he added.

A statement by the PM Office said that Pakistan’s fuel is now “the cheapest” in South Asia.

“India is almost exactly double. Bangladesh, Sri Lanka & Nepal are all 50 to 75% more expensive than us, “he said.

The prime minister said that “there is no logic why the price of flour should rise when a recent crop of wheat was concluded.”

The government has reduced the price of gasoline by Rs7.06 per liter for June, with the new price set at Rs74.52.

The price of kerosene has been cut by Rs 11.88 per liter and will now be sold at Rs35.56 per liter. The price of high-speed diesel has risen by five paisas per liter, marking a new price of Rs80.15 per liter.

In addition, the price of light diesel oil is set at Rs38.14 per liter, which was previously set at Rs47.51 per liter.

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