ISLAMABAD: Prime Minister Imran Khan said on Saturday that the generalpublic should feel some relief after petroleum prices were slashed thanksto a global slump in demand amid the coronavirus crisis.
The premier, in a statement, noted that inflation had previously risen inline with increases in the prices of petroleum products.
“After the significant reduction in oil prices, it will be ensured thatrates of other items are also decreased,” said the prime minister.
PM Imran said that the government, with the cooperation of districtadministrations, will initiate action against illegal profiteering.
He said that prices of items will be brought down under any circumstances,and strict action will be taken against those who do not comply.
The premier also directed the provincial governments of Punjab and KhyberPakhtunkhwa to take measures for reducing inflation.
Read Top Stories
The government has slashed lower petroleum prices from May 1 until the endof the month.
According to the notification, the price of petrol has been brought down toRs81.58 after a reduction of Rs15 per liter.
Meanwhile, the rate of high-speed diesel has been slashed by Rs27.15 perliter and reduced to Rs80.10.
