Petrol price: Hafiz Naeem accuses govt of serving oil firms
Key takeaways
- He said the government’s refusal to pass on the benefit of lower international crude oil prices to the public proved that it was working in favour of Oil Marketing Companies (OMCs) rather than ordinary citizens.
- Referring to global market trends, Hafiz Naeem said crude oil prices had fallen below $70 per barrel, yet the government had failed to reduce domestic fuel prices to provide relief to the public.
- He also criticised the government’s economic policies, saying that the petroleum levy annual target had already been achieved within just 11 months, but the levy was still being imposed on consumers.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize KARACHI: Jamaat-i-Islami (JI) chief Hafiz Naeem ur Rehman on Saturday strongly criticised the federal government for not reducing petroleum prices despite a decline in global oil rates, terming the decision “anti-people” and “shameful.”
He said the government’s refusal to pass on the benefit of lower international crude oil prices to the public proved that it was working in favour of Oil Marketing Companies (OMCs) rather than ordinary citizens.
Referring to global market trends, Hafiz Naeem said crude oil prices had fallen below $70 per barrel, yet the government had failed to reduce domestic fuel prices to provide relief to the public.