Petroleum Products: Minister rejects criticism over prices

Despite consistent increase in international oil prices. prices in Pakistan were considerably low

ISLAMABAD: Minister for Finance, Revenue and Economic Affairs Miftah Ismail has said that the criticism from Pakistan Peoples Party (PPP) against petroleum prices is unjustified. He said the prices of petroleum products, even after the recent rise, were still lower than those prevailing during the PPP tenure. He said the level of taxation on these products in most cases was also lower than that prevalent earlier. The price of petrol in March 2013 was Rs106.6, diesel Rs113.56, kerosene oil Rs103.69 and light diesel oil Rs98.26, he said, adding despite the consistent increase in international oil prices last year, the prices in Pakistan were still considerably lower than those set by the PPP. The minister said had the opposition, including the PTI and PPP, cooperated with the government instead of creating hurdles in the way of economic development, things would have been even better for the common man.  

Published in The Express Tribune, May 2^nd, 2018.

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