- The Prime Minister said, due to stability in the dollar rate and fall in oil prices, there was a saving of Rs 41 billion.
- It is said that the prices of 24 items have been reduced across the country.
- It was told in the meeting that due to low oil prices the inflation rate has come down by 1.7%.
ISLAMABAD: To provide immediate relief to the public, Caretaker Prime Minister Anwar-ul-Haq Kakar on Monday directed the concerned authorities to expedite measures to spread the impact of low prices of petroleum products to the common man.
In a major relief, the government in mid-October cut petrol prices by Rs 40 per liter and high-speed diesel (HSD) by Rs 15 for the next fortnight.
Chairing a review meeting to discuss the impact of oil price cuts on commodity rates, the Prime Minister directed that the impact of 12.38% cuts in petrol prices and 4.7% in diesel prices should be affected as soon as possible. It should be made available to the common man.
He said that stability in the dollar rate and reduction in petroleum prices have resulted in savings of Rs 41 billion and relief will be given to the common man.
The meeting was apprised of the recent decline in oil prices and the results of campaigns against electricity theft and smuggling. It was told that due to low petroleum prices, the inflation rate has come down by 1.7 percent, which was the highest during the last one year.
The Prime Minister appreciated the administration for taking steps to reduce oil prices and dollar rate, curb smuggling and making their impact reach the common man.
He directed the concerned authorities to deal sternly with hoarders and profiteers and acknowledged that the campaign against electricity theft and smuggling has benefited consumers.
The PM said that the 18 percent reduction in the price of wheat and 16 percent in the price of sugar in Balochistan is welcome. He said that due to administrative measures, prices of 24 commodities have reduced across the country.
It was informed in the meeting that a significant reduction in the prices of agricultural produce, electricity, transport fares and industrial production is being ensured.
The Planning Ministry was using the “Decision Support System for Inflation”, a software application designed by the National Bureau of Statistics, to monitor food prices. The Chief Ministers of Sindh, Khyber Pakhtunkhwa and Punjab and the Chief Secretary of Balochistan informed about the steps taken by them on the subject.
It was informed that due to administrative steps taken by the provincial governments, the transport fares have been reduced by 10%.
It was told in the meeting that a campaign is going on against hoarders and profiteers. It was informed that the concerned administrations are ensuring reduction in the prices of goods in line with the reduction in oil prices.