Resolution against hike in petroleum prices submitted in Punjab Assembly

Resolution against hike in petroleum prices submitted in Punjab Assembly

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LAHORE:  A resolution against hike in petroleum prices has on Saturday been submitted in the Punjab Assembly by Pakistan Muslim League-Nawaz (PML-N) Member Provincial Assembly (MPA) Rabia Farooqi.

The resolution pointed out that the shocking rise in oil prices is a cruel step, and because interest rates in the international market have fallen, there is no reason to justify rising oil prices.

It said that people have been facing a fuel shortage for a few days, and prices have now risen, while demanding that the decision be withdrawn.

The resolution also added that the judiciary should make a special notice of this matter and make the facts public by establishing an investigation committee.

As we all know, the federal government announced on Friday to increase the price of petroleum products, effective immediately.

According to a statement issued by the Finance Department, the government decided to revise the current price of petroleum products in view of the rising trend of oil prices in the global market.

Gasoline prices rose by 25.58 rupees to 100.10 rupees per liter, while high-speed diesel (HSD) prices rose by 21.13 rupees to 101.46 rupees per liter.

On the other hand, the price of light diesel oil (LDO) increased by 17.84 rupees to 55.98 rupees per liter, and the price of high-grade kerosene (SKO) increased by 23.50 rupees to 59.06 rupees per liter. Rise.

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