Prime Minister Shehbaz says oil prices remain unchanged despite the rise in the international market

Prime Minister Shehbaz Sharif has decided not to raise the prices of petroleum products this time, keeping his promise to the public despite a further rise in international oil prices.

According to an announcement from the Prime Minister’s Office, the decision aims to reduce the burden on the common man. It added that the government remains committed to providing as much relief as possible to the people in these challenging times.

Highlighting the global economic situation in the statement, Prime Minister Shehbaz noted that tensions in the region are putting pressure on the world economy, which could have significant effects on Pakistan’s economic stability. He said the government is addressing the situation through timely policy decisions, austerity measures and fiscal discipline.

“As a servant of Pakistan, I am determined to begin reducing the burden on the poor, starting with the country’s elite and the government itself in these difficult times,” he said.

He added that alongside federal austerity measures, provincial governments fully support these efforts, which he called a welcome development. He further stated that by the grace of Allah Almighty and the efforts of Pakistan’s diplomatic and economic teams, sufficient quantities of crude oil are available to meet the country’s requirements.

The Prime Minister assured that both federal and provincial governments are jointly ensuring that no one charges more than the prices set by the government. He expressed hope that global conditions will improve and that the prices of petroleum products will stabilize on the international market.