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Sigh of relief: PM defers summary of fuel price hike

Petrol Price in Pakistan

Sigh of relief: PM defers summary of fuel price hike

Prime Minister (PM) Imran Khan on Monday deferred the summary of the hike in prices of petroleum products, Bol News reported.

The existing rates of petroleum products will stay in place for the first 15 days of February 2022.

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Special Assistant to the Prime Minister (SAPM) on Political Communication Shahbaz Gill, in a tweet, said that the PM did not approve the summary of increasing petrol by Rs11 and diesel by Rs14.

“The prime minister said that oil prices are rising due to global rise in inflation but the government would do its best to save the people of Pakistan from inflation,” he wrote in his tweet.

During winter, Compressed Natural Gas (CNG) filling stations have remained shut in Sindh and Balochistan.

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This has led to a surge in the demand for petrol while increasing agricultural and construction activity in the country accounts for the rise in demand for diesel, a primary fuel for heavy vehicles.

Even a nominal increase in fuel prices, particularly petrol, disturbs the monthly budgets of millions of households in the country. The masses have welcomed the premier’s decision of deferring the summary and said it is important for combatting inflation.