PoliticsShahbaz Sharif reduced petrol price by Rs.18.50

Shahbaz Sharif reduced petrol price by Rs.18.50

Prime Minister Shahbaz Sharif has announced a reduction in the price of petrol by Rs 18.50 per liter, effective from 12 noon tonight.

Addressing the nation, Prime Minister Shahbaz Sharif said, “When we took over the reins of government a few months ago from today, we inherited a devastated economy, inflation was at its peak inside Pakistan and world oil prices skyrocketed”.

He said that the previous government had reached an agreement with the IMF on the strictest terms, but the previous government dismantled it and laid landmines for us. “There was a sudden drop in oil prices, for which there was no money in the treasury, and this was done only to get our government in trouble,” he said.

“The former government not only benefited from the spot market when gas prices were so low in the world, but also made the worst of long-term gas deals that could have been at 5 per unit,” he said.

He showed criminal negligence, the consequences of which are being felt by the entire nation today.

The Prime Minister said that I had promised you that I would never misrepresent and we kept a stone on our heart and increased their prices as a result of rising oil prices in the world market, which is definitely burdened the common man.

“We had no other choice. If we had a way, we would never allow these problems to arise for you, so we have to make tough decisions,” he said.

“Thank God, oil prices are falling sharply in the world market today and we have had the opportunity to bring down the prices and we have had the good fortune to convey to you every penny of that reduction,” he said.

Prime Minister Shahbaz Sharif said that an agreement has been reached with the IMF even after day and night efforts, the credit for which goes to our Finance Minister Miftah Ismail and his team who succeeded in reaching an agreement after all efforts.

Related Stories

Newly-elected senators took oath – Pakistan

The meeting of the Senate for the swearing-in of the newly elected senators and the election of the Chairman...

Health card is a project of PML-N, Maryam Nawaz

Chief Minister Punjab Maryam Nawaz has said that the health card is a project of Pakistan Muslim League-N and...

Meetings with founder PTI banned at Adiala Jail

Meetings with the founder PTI in Adiala Jail were banned. According to the sources, the Punjab Interior Department decided to...

Trending on DiariesPK