The All Pakistan Business Forum (APBF) president Ibrahim Qureshi has expressed its serious concern for not passing on full relief to the public
The All Pakistan Business Forum (APBF) president Ibrahim Qureshi has expressed its serious concern for not passing on full relief to the public of oil price cut in global market as the government rejected the OGRA’s recommendation of reducing petrol rate by Rs5.26, slashing the price by just Rs2 per liter.
He said that the #OGRA had recommended in a summary to the government that the price of petrol be reduced by Rs5.26 per litre (6%), which could bring the rate down from Rs88 to Rs82 per litre. But the government unfortunately has reduced the prices of petrol and diesel by Rs2 per litre for the month of April 2018. It has maintained the prices of kerosene oil and LDO at the same level as in the month of March instead of announcing any decline in their rates.
He said that the domestic #petroleum product prices in the country remained fluctuated upward and downward due to international oil pricing trend during the tenure of the present government and it failed to provide relief of reduction of the prices to the consumers and always tried to gain maximum benefit of the changes of these prices.