'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.

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