Govt. increased petroleum prices by 25% against 112% surge in int'l market: Omar Ayub.
ISLAMABAD -- Minister for Power and Petroleum Omar Ayub Khan on Saturday said prices of petroleum products in international market had witnessed a surge of 112 percent during the last 46 days, but the government increased just by 25 percent as it believed to give maximum relief to masses under the vision of Prime Minister Imran Khan.
'When the petroleum prices were decreased in international market, its benefit was passed on to the masses. And now, when the prices have witnessed a sharp increase, a substantial relief has also been given to the common man by increasing just 25 percent against 112 percent of world market,' he said while addressing a news conference along with Special Assistant to Prime Minister (SAPM) on Petroleum Nadeem Babar.
He said fuel prices in Pakistan, being non-oil producing country, were low not only in the sub-continent but in Asia.
Rejecting a notion created by opposition parties, he said, the biggest increase in petroleum price was...
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