Pakistan

'Good news': PM will soon slash petroleum prices, says Hamza

His statement comes in the wake of crucial by-polls on 20 Punjab Assembly seats

News Desk July 10, 2022

CM Punjab Hamza Shehbaz. Photo: APP

In view of the decline in global oil prices, Punjab Chief Minister Hamza Shehbaz has said that his father Prime Minister Shehbaz Sharif will soon announce reduction in prices of petroleum products.

He made these remarks on Sunday while speaking to PML-N workers at Sharif family’s Jati Umra residence after Eidul Azha prayer, Express News reported.

CM Hamza’s statement came days after he announced the free electricity scheme for lifeline consumers, which was suspended by the Election Commission of Pakistan (ECP) until July 17 — the date for by-polls for 20 vacant seats of the provincial assembly.

In today’s media interaction, Hamza said his government’s free electricity scheme will benefit 55 million people of Punjab, who consume less than 100 units per month.

Hamza said that the federal government will give the good news to the masses by reducing the fuel prices in the coming days as global oil prices witnessed a decline lately.

Also read: PAC recommends reduction in petroleum prices

CM Hamza said his party during its last stint in power had put the country on right path but the devastation caused during the four years of the previous PTI-led government “is indescribable as the economy had been ruined”.

Despite the prolonged constitutional crisis in Punjab, CM Hamza said that his government announced a subsidy of Rs200 billion to provide wheat flour at cheaper rates.

Taking a jibe at former prime minister Imran Khan, the Punjab chief minister said that “fitna [mischief] Khan” did not abide by the Constitution or the law and accused him of plundering nation’s wealth.

COMMENTS (2)

Ali | 2 years ago | Reply Why SS has not dropped petrol prices in rest of the world prices have already dropped. he should have been the first one to give a price break.

Rafique Khan | 2 years ago | Reply Since long the whole family members of Crime Minister is giving the same good news. Maryam Nawaz and Hamza Shebaz is also give the same good news to people. Mind your own politics business do not play with common people of Pakistan who were looted by Nawaz Sharif and Zardari family. When the incumbent imported government was frequently and heavily increasing the petroleum prices in the country Miftah Ismail used to say when petroleum prices increase there is no inflation. The real thing is their Government is in tremendous pressures from IMF and common people of Pakistan. They are again going to play with Pakistanis because on 17th July 2022 there is polling on 20 seats. They need to divert the attention of the common people after giving some minor relief in petroleum products. Why government is failure to stop devaluation of Pakistani rupees. They will again after election in Punjab will increase the petroleum prices because there are two factors involve in petroleum products prices which are International crude prices and exchange rates of Pakistani rupees against U.S. Dollars. I fail to understand when they were in opposition they used to say that Imran Khan and his team is taking dictation from IMF. When they came in power from back door they used to say PTI Government could not abide the rules and regulations set by IMF. The high rates of inflation in the country now and it is very tough days for poor common people lower middle class and middle class people. I know very well that express tribune will never publish my above comments in their newspaper.

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