Islamabad, July 14, 2022 (PPI-OT):Prime Minister Shehbaz Sharif has announced to reduce the prices of diesel by 40.54 rupees while petrol 18.50 rupees. In an important message on Thursday night, he said the new prices will be applicable from midnight tonight (Thursday). The Prime Minister said reduction in oil prices are aimed to pass on the benefits of decreasing crude rates in the international market.

He said our coalition government inherited a troubled economy from PTI-led previous government. The Prime Minister said the previous government crushed the agreement it had with the International Monetary Fund and laid landmines for us. The Prime Minister said due to unprecedented increase in oil prices globally, we had to increase oil prices with heavy heart that put burden on common man. He said we had to take tough decisions for country’s betterment.

Acknowledging Finance Minister Miftah Ismail and his economic team’s efforts in concluding agreement with the IMF, he expressed commitment to make country economically independent. For this purpose, he appealed the nation to work hard. The Prime Minister said we should learn lessons from the bad experiences of the past that wasted millions of country’s economy. Shehbaz Sharif said Agriculture, IT and export based industry are our priority areas where we will put all our efforts to make the country economically stable.

For more information, contact:
Ministry of Information and Broadcasting
Government of Pakistan
4th Floor, Cabinet Block, Pak. Secretariat, Islamabad, Pakistan
Tel: +92-51-9103557
Email: info@moib.gov.pk
Website: http://www.moib.gov.pk