Petrol Prices:

 PM Shehbaz Sharif Seeks Summary to Slash Petrol Prices:

Prime Minister Shehbaz Sharif on Tuesday received a summary of the finance and oil ministries with a proposal to lower the prices of petroleum products amid the fall in crude oil prices on the international market. According to Reuters, global benchmark Brent fell $7 to below $100 a barrel on Tuesday on a stronger dollar, Covid-19 restrictions dampening demand from top crude oil importer China and growing fears of a global economic slowdown. In this regard, Prime Minister

chaired a meeting today and called on the ministries involved to present a summary proposing a cut in

oil prices, saying that "the government has decided to pass on the benefits of the oil price cut

to consumers". the international market,” reported the state news service APP. The prime minister told attendees at the meeting that the government will pass on the full benefit to

consumers who are "facing difficulties due to rising oil prices". He said the government will transparently cut oil prices in tandem with the reduction in the

international market, which the prime minister's office statement called a "gift to the people on the occasion of Eidul Azha. He said the current government will continue to help people affected by inflation caused "due to the previous government's policies". Summary of the

departments responsible for reducing the price of gasoline, adding that the

decision will be announced in a few days. The government last announced a hike in the price of petrol by 14.85 rupees per liter on June 30, the fourth increase of rupees in the past 35 days, bringing the total of all hikes since May 26 to almost 100 rupees.