“There is also outrage in India today [about petrol prices], with the price per litre being Rs150 in India and Rs200 in Bangladesh. On the other hand, at Rs146, it is the cheapest in Pakistan. “While speaking to a crowd in Attock after laying the foundation stone for a Maternal and Child Hospital, the premier stated. Pakistan has still cheapest petrol price than India Says-PM Imran Khan.
We have further reduced petrol, light diesel oil, kerosine oil prices. Now we have the cheapest fuel cost compared to other states in South Asia. India is almost exactly double. Bangladesh, Sri Lanka & Nepal are all 50 to 75 percent more expensive than us. pic.twitter.com/oD9wVMcZno
— Imran Khan (@ImranKhanPTI) May 31, 2020
Pakistan, he claimed, had the lowest fuel and diesel costs among oil-importing countries. This made possible, according to the prime minister, since the government had decreased its taxes and levies.
The premier stated that global inflation had developed as a result of the Covid-19 pandemic, producing a slew of concerns including supply shortages, trade closures, lockdowns, and price reductions.
“The most significant [effect] of what happened was that the oil price first fell and then doubled in the previous three months […] when oil is expensive, everything gets expensive.”
Pakistan has still cheapest petrol price than India Says-PM Imran Khan
As a result, freight expenses climbed, raising the price of Pakistan’s imports such as oil, lentils, ghee (cooking oil), and palm oil, according to the prime minister.
“When the globe as a whole experience inflation, Pakistan, being in the same world as the rest of the world and not in the skies, had to be affected as well. As a result, we made every effort and continue to make efforts to protect our people against inflation.”
Prime Minister’s Remarks:
The prime minister’s remarks come on the same day that the government raised fuel prices by up to Rs8.14 per litre with immediate effect in order to keep the IMF programme alive.
Despite the prime minister’s rejection of a recommendation by the Oil and Gas Regulatory Authority to raise petroleum prices on Saturday and a determination to leave them unchanged for the next two weeks, the increase occurred.
The administration drew the wrath of its political opponents last month when it raised the price of petrol by Rs10.49 per litre on October 16.
The prime minister mentioned the price of sugar in his speech today, claiming it had “suddenly” risen to Rs140 per kilogramme due to the closure of three sugar plants in Sindh.
Sugar Price:
“[price] went up to Rs140 when the three mills in Sindh shuttered.” I had the cause investigated, and it was discovered that sugar factories in the area had begun hoarding.
“Sugar mills had obtained a stay order against [the relevant] statute since July, which was the reason our government was unable to act. Then it reveal that the Competition Commission issued a Rs40 billion fine on them (the mills) for colluding to hike prices, but that, too, had put on hold “he says
The premier, noting that the mills had obtained a stay order against the Federal Board of Revenue tax, ordered officials to “immediately dismiss this stay order,” claiming that it was an injustice to the people.
“Ask them to do something about it now. It’s extremely easy for sugar mills to stop producing at the same time, and then prices rise and they make billions.”
“Anyone who initiates action against them gets a stay order. As a result, I will ask for full legal action against them,” the prime minister stated.
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