ISLAMABAD: The chairman of Pakistan Tehreek-e-Insaf (PTI), Imran Khan on Monday demanded the present coalition government to reduce the petroleum prices drastically.
In a public address on Monday, after securing landslide victory in by-election, Imran Khan demanded the government to cut off petrol prices because the oil prices in the international market has been reduced sharply.
Imran Khan, the former prime minister who was removed from the executive post on April 10, 2022 through a motion of no confidence.
READ MORE: New petroleum prices in Pakistan from July 15, 2022
Earlier, in February 2022, Imran Khan as the prime minister announced massive relief to the masses through grant of huge subsidy on petroleum prices and electricity tariff.
The PTI had also kept the petroleum levy and sales tax at zero to avoid passing on the high prices of crude oil in international market.
Imran Khan said that during his government the prices of petroleum products were kept at subsidized rates when oil prices in the international market were $106 per barrel. But now oil prices have been drastically reduced to $96 per barrel, so the government should reduce the price of petrol products according to the ratio of oil prices in the international market.
The government on July 14, 2022 announced reduction in prices of petroleum products effective from July 15, 2022 after a massive decline observed in the prices of oil in international markets.
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Following are the recent prices of petroleum products:
The prices of petrol have been decreased by Rs18.50 per liter to Rs230.24 from Rs248.74.
The rate of high speed diesel has been decreased by Rs40.54 per liter to Rs235.95 from Rs276.54.
The rate of kerosene oil has been decreased by Rs33.81 per liter to Rs196.45 from Rs230.26.
Similarly, the rate of light speed diesel has been decreased by Rs34.71 per liter to Rs191.44 from Rs226.15.
READ MORE: FPCCI demands 10% cut in petroleum prices
Although the Shehbaz led coalition government reduced the above prices ahead of by-election in Punjab but the PML-N failed to attract masses.
The PML-N secured only four seats out of 20 showing its failure. This has also strengthened Imran’s statement for conducting general elections without any delay.
