The present government has provided maximum relief to the people in theprices of petroleum products despite the financial difficulties and therise in international oil prices and even now Pakistan has lower oil pricesthan other countries in the region.
According to sources in the Petroleum Division, the present government hasbeen trying not to burden the people despite the rise in oil prices in theglobal market.
At present, as compare to Sri Lanka, Nepal, Bangladesh and other countriesin the region Petroleum products are available cheaper in Pakistan.Petroleum prices in these countries range from 0. 0.83 to 1. 1.26 perlitre, while in Pakistan petrol is available at 0. 0.70 per litre.
Petrol is priced at 0. 0.83 in Sri Lanka, 0. 0.95 in Nepal, 1. 1.05 inBangladesh, 1. 1.26 in India, 1. 1.03 in China, 1. 1.70 in the UK and 641.64 per litre in Germany. In India, the price of petrol is revised on adaily basis, while in Pakistan, the price is fixed every 15 days, and evenif the price of oil increase globally, the price of petroleum products inthe country will not appreciate. Instead of raising prices, the governmenthas adopted a policy of bearing the financial burden and even in the mostunavoidable situation, the government transfers minimum increase to people.
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In this regard, Pakistan ranks 18th out of 167 countries in the world inproviding cheap petroleum products. Prime Minister Imran Khan also rejectedthe summary sent by OGRA for increasing the prices of petroleum products toprovide relief to the people during the current fortnight. In this regard,OGRA proposed the increase in petrol price by Rs. 6-22 paise, which was notapproved by the Prime Minister and the prices of petroleum products havebeen maintained.
The Pakistan Tehreek-e-Insaf (PTI) government has adopted a strategy ofkeeping the prices of petroleum products to a minimum in proportion to theprices of the previous governments to provide maximum relief to the people.
