Positive move: ICCI hails oil price reduction
Urges govt to also make a proportionate cut in the power tariffs and prices of other items
ISLAMABAD:
Islamabad Chamber of Commerce and Industry (ICCI) has welcomed the government’s move for making another reduction in the petroleum prices and called upon it to make a proportionate cut in the power tariffs and prices of other items to pass on its real benefits to the business community and the general public. ICCI Acting President Muhammad Shakeel Munir said the oil prices in the international market came down to $71.25/barrel on November 27, 2014 from $ 104/barrel at the end of August 2014 showing a decline of more than 30%.
Published in The Express Tribune, December 2nd, 2014.
Islamabad Chamber of Commerce and Industry (ICCI) has welcomed the government’s move for making another reduction in the petroleum prices and called upon it to make a proportionate cut in the power tariffs and prices of other items to pass on its real benefits to the business community and the general public. ICCI Acting President Muhammad Shakeel Munir said the oil prices in the international market came down to $71.25/barrel on November 27, 2014 from $ 104/barrel at the end of August 2014 showing a decline of more than 30%.
Published in The Express Tribune, December 2nd, 2014.