The federal government Saturday decided to
keep the prices of petroleum products unchanged for the first half of May, a
notification in this regard said.

The notification from the Finance Divison said Prime Minister
Shehbaz Sharif rejected the Oil and Gas Regulatory Authority’s (OGRA) proposal
to hike the price of petroleum products.

The decision to not hike the price of petroleum
was taken to avoid burdening the consumers, the notification read.

In a statement on Thursday, Information
Minister Marriyum Aurangzeb had said the price of petroleum products would
remain unchanged for the first half of the next month.

Aurangzeb said the “incompetence and serious mistakes”
of the last government were the reasons for people’s suffering.

“Former prime minister Imran Khan’s government had accepted
harsh conditions set by the International Monitory Fund related to increasing
prices of the petroleum products to secure a loan,” Aurangzeb said.

The information minister said the government is making “every
possible effort” not to put any further burden on people, who are already
facing the brunt of high inflation.

Federal Minister for Finance and Revenue Miftah Ismail had also
earlier this week announced that the price of petroleum products would not be
increased “immediately”.

Speaking during Geo
News 
programme “Capital Talk”, Ismail urged people to stop
filling their petrol tanks out of panic as prices will not be increased
immediately.

 

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2022-04-30

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