Decide to keep the prices of petroleum products

ISLAMABAD: Prime Minister Shahbaz Sharif has decided to keep the prices of petroleum products at the recent level.

Prime Minister Shahbaz Sharif has said that while maintaining petroleum prices at the previous level, it has decided to transfer the full financial benefit to the people in electricity prices.

He said the move was one of the many other measures that would lead to meaningful decline in electricity prices.

Regarding the electricity rates, Shahbaz Sharif said that a package is being prepared under a comprehensive and effective strategy regarding the reduction of electricity tariffs, which are finalizing the details.

He said that the package to provide major relief to the people in the global market is ready to provide major relief to the public due to the financial capacity of oil prices and other measures.

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The Prime Minister said that the package will be announced in the next few weeks in connection with the reduction of electricity prices. As soon as the government took over, he pledged to give priority to public relief.

The Prime Minister expressed his commitment to relieve relief and facilitate the people in the next few weeks, in the event of a reduction in electricity prices.

He said that this relief would not only reduce electricity prices. On the contrary, it will have an impact on overall inflation and it will decrease further.