ISLAMABAD: Minister for Information and Broadcasting Attaullah Tarar on Wednesday said successful negotiations with oil refineries had paved the way for a reduction of around Rs32 per litre in diesel prices, providing major relief to the public.<\/p>\n\n\n\n
Speaking alongside Petroleum Minister Ali Pervaiz Malik, he said Prime Minister Shehbaz Sharif had chaired a meeting earlier in the day with the petroleum minister, petroleum secretary and relevant officials and directed negotiations with oil refineries to ensure that possible relief was passed on to consumers.<\/p>\n\n\n\n
Tarar said the Oil and Gas Regulatory Authority (OGRA) would announce the reduction shortly, adding that the petroleum minister had made considerable efforts to make the negotiations successful.<\/p>\n\n\n\n
He said a significant portion of diesel was refined and produced locally, adding that the reduction would particularly benefit farmers, goods transport and public transport, which rely on diesel.<\/p>\n\n\n\n
The minister said the government was aware of the difficulties faced by the people amid rising global oil prices following the war situation.<\/p>\n\n\n\n
He said the government had provided subsidies and targeted subsidies whenever possible and spent Rs130 billion to prevent petrol prices from increasing during difficult circumstances.<\/p>\n\n\n\n
Tarar termed the diesel price reduction a major relief for the people, saying it would reduce their burden and have positive effects on the wider economy.<\/p>\n\n\n\n
He said the prime minister\u2019s meeting on the issue earlier in the day had resulted in the relief, adding that further good news would come in the coming days.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD: Minister for Information and Broadcasting Attaullah Tarar on Wednesday said successful negotiations with oil refineries had paved the way for a reduction of around Rs32 per litre in diesel prices, providing major relief to the public. Speaking alongside Petroleum Minister Ali Pervaiz Malik, he said Prime Minister Shehbaz Sharif had chaired a meeting earlier […]<\/p>\n","protected":false},"author":2,"featured_media":1567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[11,12],"tags":[],"class_list":["post-1566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-pakistan"],"yoast_head":"\n