PM Shehbaz says has rejected summary for increasing petrol, high-speed diesel prices – Pakistan
Prime Minister Shehbaz Sharif said on Friday that he had rejected a summary for increasing petrol and high-speed diesel (HSD)prices.
He shared this during an address to the nation, delivered on the eve of Eidul Fitr.
The premier began his address by extending Eid greetings to the nation.
He said in view of the present situation, the festival demanded humanity, national unity and collective responsibility. “And I believe the joy of Eid in its true sense is sharing it with those in need,” he added.
The premier said the world was facing an “extraordinary challenge” today, adding that the values of selflessness, hard work and compassion were the only means to resolving the crisis.
He said the war going on in the Middle East had severely impacted the global peace and economy, as well as the common man. “The situation has become even more dangerous in the aftermath of attacks on energy installations of brotherly countries,” he added.
“And the risk of this crisis intensifying and prolonging increases with every passing moment.”
PM Shehbaz noted that the price of oil from the Middle East had skyrocketed in the international market. “It was available for $72 per barrel a few weeks ago, but in just three weeks, the price has breached the historic mark of $158 per barrel,” he said.
He warned that if the situation continued to worsen, a further increase in fuel prices would be imminent.
The premier said the crisis was giving rise to an “inflation storm”, adding that he realised that an increase in petrol and HSD prices earlier in March by Rs55 per litre had badly affected a common man’s life.
More to follow
