ISLAMABAD: A reduction in petroleum prices is expected in view of the prevailing trend in international market, said Minister of State for Petroleum and Natural Resources Jam Kamal in the Senate on Wednesday, Radio Pakistan reported.
Responding to a call attention notice by Ilyas Bilour, the minister said that the government passed on the relief to consumers whenever there was fall in oil prices in the international market.
Narcotic smuggling
During the question hours, the Senate was informed that Pakistan is one of the three countries with the largest drug seizures.
Minister of State for Interior Balighur Rehman told the House that 200 people were arrested at various airports in 2013 for smuggling narcotics.
To another question, he said the federal government had imposed a ban on issuance of arms licenses to contain illegal arms.
Rehman said currently the process of verification and computerisation of issued armed licenses was underway by NADRA.
The session was adjourned till Thursday, 3.30pm.
COMMENTS (5)
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Fuel prices must be down by at least 20%.
@Pakistani. Market economy works when the prices of goods/services reflects the purchase price. If the price is fixed then either the government somehow has to provide massive subsidies when the price goes above the "fixed" or someone will make vast sums of money when international market goes down. The price to consumer should reflect the purchase price to make it fair to all.
Ofcourse! Not reducing them would be a crime and industrialized corruption as international oil prices have dropped by about 25% in recent months!
Really wrong decision,,, when fuel price goes up it causes increase in price of every commodity... but when down no body revise commodity price accordingly... Instead of fuel price changes it should be kept fixed so traders cant earn super profits.
Imran Khan was asking the same yesterday but such people cannot bother read the laws and regulations. OGRA issues revised fuel prices on the 1st of every month. New prices, reduced expectedly, will be out in just over a week. They aren't issued at the whim of protesters but on their regular schedule.