Nawaz hints at further reduction in fuel prices

Claims load-shedding will end during present government's tenure


Web Desk November 19, 2014

ISLAMABAD: Taking credit for lowering prices of petroleum products, Prime Minister Nawaz Sharif on Wednesday hinted at further reduction in fuel, Radio Pakistan reported.

"We will announce a reasonable cut in the prices of petroleum products this time as well," Nawaz said, adding that reduction in oil price would benefit farmers and people living in cities and villages as it would lead to reduction in passenger fares and transportation charges.

Talking to media after chairing a meeting on energy situation in Islamabad on Wednesday, the premier reiterated that his administration is focusing on reducing load-shedding in the country but warned that there was no quick-fix.

Terming the agreement signed with China during his recent visit to Beijing as game changer, Nawaz said these projects costing billions of dollars would help tackle problems confronting Pakistan specially electricity shortages.

Nawaz also directed a jibe at Pakistan Tehreek-e-Insaf’s prolonged sit-in, claiming that the sponsors of the sit-ins do not want load-shedding to end.

"Those staging sit-ins may not want to see of load-shedding end, but I am committed to do it and we will address this problem within our tenure of government," he added.

Regretting the postponement of Chinese President Xi Jinping’s scheduled visit to Pakistan, Nawaz said the Chinese president invited him to visit China so bilateral agreements could be signed on the occasion after he was forces to cancel his visit. He claimed that President Jinping has assured him that he would be visiting Pakistan.

Taking notice of reduction in the prices of rice especially that of Basmati fallen in the international market, the premier said he has asked concerned ministries to take steps to protect interests of farmers.

COMMENTS (1)

Blithe | 9 years ago | Reply

I would also request the Honourable Prime Minister to focus on KPK. . The mass migration out of kpk is very alarming. We need to help the provincial government of PTI to create incentives for people to move back to KPK .

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