PM directs petroleum minister to go to Karachi, negotiate diesel price cut with local oil refineries
The government said refineries agreed to help cut diesel prices by Rs30 to Rs32 per litre as pressure rose from transporters and protests.
- On Wednesday, Prime Minister Shehbaz Sharif directed Petroleum Minister Ali Pervez Malik to travel to Karachi immediately and negotiate with local oil refineries to secure diesel price relief for consumers.
- The All Pakistan Goods Transport Alliance deferred its nine-day nationwide strike for 40 days on Sunday after government assurances. Public backlash over daily fuel price revisions and successive hikes prompted the intervention.
- Stressing that local refineries produce most diesel, the premier instructed Malik to "personally complete negotiations with the refineries as soon as possible" to provide maximum relief to consumers.
- Following the talks, Malik announced a diesel price reduction of Rs30 to Rs32 per litre. The government expects to issue an official notification within the next few hours, ARY News reported.
- Malik stated the government is working to address economic difficulties and has sought tax relief in consultations with the International Monetary Fund. He urged the public to remain patient amid ongoing volatility.
16 Articles
16 Articles
PM directs petroleum minister to negotiate diesel price cut with local refineries
PM Shehbaz seeks swift conclusion of diesel price talks.Local refineries produce major share of diesel consumed.Premier calls for immediate diesel price relief for consumers.ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday...
Govt to reduce diesel price by over Rs30 per litre after 'successful talks' with refineries
ISLAMABAD: The government is set to provide major relief to consumers as oil refineries have agreed to reduce the price of diesel by more than Rs30 per litre following consultations with the government, Petroleum Minister Ali Pervaiz Malik said on Wednesday. “Oil refineries, responding to the government’s request, have decided to provide relief of Rs30-32 per litre. In a few moments, Ogra will unveil its calculations before the public,” the mini…
Govt to Announce Huge Decrease in Diesel Price Tonight
The government has secured a Rs. 30-32 reduction in the price of diesel after negotiations with local oil refineries, Petroleum Minister Ali Pervez Malik announced a short while ago. He said refineries had agreed to the government’s request following several meetings held on Prime Minister Shehbaz Sharif’s instructions. The exact reduction will be finalized by OGRA after completing its calculations later tonight. The minister said the cut is exp…
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