PM Shehbaz says oil prices to remain unchanged despite rise in international market

Prime Minister Shehbaz Sharif has decided not to increase prices of petroleum products this time, honoring his promise to the public despite a further rise in international oil prices.

According to a statement from the Prime Minister’s Office, the decision is aimed at reducing the burden on the common man. He added that the government remains committed to providing as much relief as possible to the population during these difficult times.

Highlighting the global economic situation in the statement, Prime Minister Shehbaz noted that tensions in the region are putting pressure on the global economy, which could have significant effects on Pakistan’s economic stability. He said the government is tackling the situation through timely policy decisions, cost-saving measures and financial discipline.

“As a servant of Pakistan, I am determined to start reducing the burden on the poor starting with the country’s elite and the government itself in these difficult times,” he said.

He added that in addition to federal austerity measures, provincial governments are fully supporting these efforts, which he called a welcome development. He further said that thanks to Almighty Allah and the efforts of Pakistan’s diplomatic and economic teams, sufficient quantities of crude oil are available to meet the needs of the country.

The Prime Minister assured that the federal and provincial governments jointly ensure that no one charges more than the prices set by the government. He expressed hope that global conditions will improve and prices of petroleum products will stabilize in the international market.