PM Shehbaz again rejects rise in petrol, diesel prices
Premier Shehbaz Sharif announced on Friday that he had rejected another recommendation for an rise in the prices of petrol and high-speed diesel
An illustrative image related to: PM Shehbaz again rejects rise in petrol, diesel prices, highlighting key aspects of the story. | Image source: Dawn.com
PM Shehbaz again rejects rise in petrol, diesel prices
Premier Shehbaz Sharif announced on Friday that he had rejected another recommendation for an rise in the prices of petrol and high-speed diesel (HSD).
He made the formal declaration during an address to the country, saying that he had been recommended to approve an rise of Rs95 per litre in the price of petrol and Rs203 per litre in that of HSD.
The formal declaration comes a week after he stated he rejected an rise of Rs76 per litre in the price of petrol Rs177 per litre in that of HSD. In the same instance, the premier had also stated that he had rejected a similar recommendation earlier as well, following a hike in oil prices in the global market on Public demonstration 13.
The developments take place amid a global energy crisis resulting from the US-Israeli conflict on Iran, which began on February 28.
The province announced unprecedented austerity measures on Public demonstration 9 and also hiked petroleum products’ prices earlier this month in the first steps to pact with the condition.
Moreover, the Centre and the provinces also agreed today to immediately roll out a mobile application-based commerce limit system for the provision of energy for two- and three-wheelers to ensure a targeted financial backing for the low-income strata and minimise the leakage of general money into untargeted avenues.
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