Fuel prices drop: PM Kakar orders relief steps for common man

ISLAMABAD: Caretaker Prime Minister (PM) Anwaarul Haq Kakar on Monday directed the authorities concerned to accelerate the steps for trickling down the impact of reduced prices of petroleum products to the common man.

The prime minister, chairing a review meeting to discuss the impact of oil prices reduction on commodities’ rates, instructed that the effect of the reduction of petrol price by 12.38 percent and diesel by 4.7 per cent should be trickled down to the common man at the earliest.

PM Anwaarul Haq Kakar said Rs41 billion have been saved due to the stability in dollar rate and reduction in petroleum prices and the relief would be extended to the common man.

The meeting was apprised of the recent oil prices reduction and outcomes of operation against power theft and smuggling. It was told that due to the reduced petroleum prices, inflation has come down by 1.7 percent which was the highest during the last one year.

PM Kakar appreciated the administration for taking the steps to reduce oil prices and dollar rate, curb smuggling and transmitting their impacts to the common man.

He instructed the relevant authorities to strictly deal with the hoarders and profiteers and viewed that the operation against power theft and smuggling had benefited the consumers.

He said 18 percent reduction of wheat price and sugar by 16 percent in Balochistan was welcoming. He said due to the administrative measures, the prices of 24 commodities had been reduced countrywide.

The meeting was told that remarkable reduction in the prices of agricultural production, electricity, transport fares and industrial production was being ensured.

The Planning Ministry was utilising a software application “Decision Support System for Inflation” designed by the National Bureau of Statistics to monitor the prices of eatables.

The chief ministers of Sindh, Khyber Pakhtunkhwa and Punjab, and Balichistan chief secretary gave briefing on the steps taken by them on the subject matter.

It was told that due to the administrative measures taken by the provincial governments, the transport fares had been reduced by 10 percent.

The meeting was told that an operation was going on against hoarders and profiteers.

It was told that respective administrations were ensuring the reduction of commodities’ prices in accordance with the decrease in oil prices.

In the meeting, the provincial administrations presented the indicators of ratio in reduction of prices and inflation.

The briefing was given on the reduction in eatables prices including dry ration, commodities, wheat flour, sugar, ghee, oil, fruits, vegetables and meat. It was told that the district magistrates at the district level in all the provinces were actively working to transmit the benefits of oil price reduction to the common man.

The meeting was attended by caretaker federal ministers Murtaza Solangi, Gohar Ejaz, Kausar Abdullah Malik, Sami Saeed, Muhammad Ali and relevant senior officers.

Caretaker Punjab CM Mohsin Naqvi, Justice (Retd) Maqbool Baqir and Azam Khan, provincial chief secretaries and relevant senior officers attended the meeting via video link.

It is pertinent to mention here that the rate of petrol dropped to Rs 283.38 per litre with a reduction of Rs 40 per litre. The price of high-speed diesel (HSD) was also reduced by Rs 15 per litre to Rs 303.18.