[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]
Interim Prime Minister Anwaar-ul-Haq Kakar has issued directives to reduce the costs of essential goods and services in accordance with the recent decline in petroleum prices on Sunday.
“In light of the significant decrease in fuel prices, I have instructed the relevant authorities at both the federal and provincial levels to activate a rigorous price control mechanism,” he announced via Twitter.
Consequent to substantial reduction in fuel prices, I have directed the concerned authorities at Federal and Provincial level to activate a strict price control mechanism. I urge all honorable Chief Ministers to ensure that prices of essential commodities and services are reduced…
— Anwaar ul Haq Kakar (@anwaar_kakar) October 16, 2023
“I call upon all esteemed Chief Ministers to ensure a corresponding reduction in the prices of vital commodities and services. All endeavors should be focused on passing on the benefits of lower petroleum prices to the people of Pakistan. Stringent enforcement must be guaranteed,” he emphasized.
Also Read: Petrol Prices Drop By Rs.40 Per Litre in Pakistan
The interim PM was referring to the surprising reduction in Sunday’s fuel rates, which resulted from a substantial drop in international oil prices and the Pakistani rupee’s strengthening against the US dollar.
Notably, on Monday, the business community lauded the government’s decision to slash petroleum product prices by a historic Rs. 40 per liter for petrol.
Following the adjustment, the new price of petrol is now Rs. 283.38, reflecting a Rs. 40 per liter reduction. Similarly, the new price of high-speed diesel has been set at Rs. 303.18, representing a Rs. 15 per liter decrease.
[/vc_column_text][/vc_column][/vc_row]
