Caretaker Prime Minister Anwaarul Haq Kakar has issued directives to expedite measures aimed at ensuring that the reduced prices of petroleum products directly benefit the common man. In a recent review meeting to discuss the effects of lowered oil prices on commodity rates, Prime Minister Kakar stressed the importance of promptly passing on the impact of the 12.38 percent reduction in petrol prices and the 4.7 percent reduction in diesel prices to the public.
He noted that this reduction in fuel prices, coupled with the stability in the exchange rate, has resulted in a savings of Rs 41 billion. He emphasized that this relief should be extended to the common man, contributing to the ease of their financial burdens.
During the meeting, the attendees were briefed on the recent reduction in oil prices and the outcomes of operations targeting power theft and smuggling. It was highlighted that the decrease in petroleum prices has led to a 1.7 percent reduction in inflation, marking the highest decrease over the past year.
Prime Minister Kakar commended the administration for taking steps to lower oil prices and stabilize the dollar exchange rate. He emphasized the need to address hoarding and profiteering firmly and praised the positive impact of operations against power theft and smuggling. The reduction in wheat prices by 18 percent and a 16 percent reduction in sugar prices in Balochistan were also acknowledged as positive developments.
Administrative measures have led to a reduction in prices for 24 different commodities nationwide, and efforts to lower prices across various sectors, including agriculture, electricity, transport, and industrial production, are actively being pursued.
The Chief Ministers of Sindh, Khyber Pakhtunkhwa, and Punjab, along with the Chief Secretary of Balochistan, provided briefings on the steps they have taken in addressing these matters. These collective efforts reflect a commitment to alleviate financial pressures on the common man and foster economic stability for the benefit of the entire nation.
