ISLAMABAD: State Bank of Pakistan (SBP) revealed that Pakistan did not slash prices of petrol products in accordance with international prices.
Samaa News in its reports writes that, crude oil was traded at $112 per barrel in April 2013 with Pakistan selling petrol at Rs.102 per liter then.
Three years down the line, the crude slumped reeling to 35 dollars; but, the federal government took petrol prices down by less than 50 percent.
The experts assert that petrol and diesel prices should be buoyed up between 50 and 55 rupees per liter at par with the international market.
Dear TNT Reader,
At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.
Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.
But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.
Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.
Donate Monthly Subscription Annual Subscription
