{"id":43077,"date":"2022-04-16T01:51:12","date_gmt":"2022-04-15T20:51:12","guid":{"rendered":"https:\/\/pni.net.pk\/en\/?p=43077"},"modified":"2022-04-16T01:51:12","modified_gmt":"2022-04-15T20:51:12","slug":"past-govt-intentionally-created-ambiguity-about-petroleum-prices-shahid-khaqan","status":"publish","type":"post","link":"https:\/\/pni.net.pk\/en\/latest-business-news\/past-govt-intentionally-created-ambiguity-about-petroleum-prices-shahid-khaqan\/","title":{"rendered":"Past govt intentionally created ambiguity about petroleum prices: Shahid Khaqan"},"content":{"rendered":"<p>ISLAMABAD, Apr 15 (APP): Pakistan Muslim League Nawaz (PML-N) leader Shahid Khaqan Abbasi Friday said that Prime Minister Shehbaz Sharif had rejected the Oil and Gas Regulatory Authority\u2019s (Ogra) summary to increase petroleum prices as the government did not want to shift burden to the masses.<\/p>\n<p>\u201cThe past government took wrong decisions for cheap popularity. It also intentionally created ambiguity about petroleum prices,\u201d Abbasi told media at a news conference here.<\/p>\n<p>He said the Ogra recommended increasing the price of high speed diesel by Rs51, which would have taken the new price to Rs196 per litre. \u201cWhile it recommended to increase petrol price from Rs150 to Rs171 per litre,\u201d he added.<\/p>\n<p>He said it was not possible to shift burden to the masses in the holy month of Ramazan, hence the prime minister decided to solve the issue after a complete review.<\/p>\n<p>He said the prices had been notified at existing petroleum levy [which stands at zero] and GST [also at 0%]. But if taxes are included then the prices of high speed diesel will have seen an increase of Rs120 per litre to jump to Rs265 per litre. Similarly, the petrol price would have soared to over Rs231, he added.<\/p>\n<p>He said Imran Khan\u2019s individual decisions had put the country in trouble. \u201cPetroleum prices are soaring globally but this has also been happening in the past. The real reason behind hike in petrol and diesel prices in Pakistan is devaluation of Pakistani rupee,\u201d he said.<\/p>\n<p>Shahid Khaqan said the previous government\u2019s wrong policies had a negative impact on country\u2019s economy and the agreements which were signed with the International Monetary Fund (IMF) would be brought before the masses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD, Apr 15 (APP): Pakistan Muslim League Nawaz (PML-N) leader Shahid Khaqan Abbasi Friday said that Prime Minister Shehbaz Sharif had rejected the Oil and Gas Regulatory Authority\u2019s (Ogra) summary to increase petroleum prices as the government did not want to shift burden to the [&#8230;]<\/p>\n<p>\n","protected":false},"author":2,"featured_media":43078,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-43077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Past govt intentionally created ambiguity about petroleum prices: Shahid Khaqan<\/title>\n<meta name=\"description\" content=\"Past govt intentionally created ambiguity about petroleum prices: Shahid Khaqan\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pni.net.pk\/en\/latest-business-news\/past-govt-intentionally-created-ambiguity-about-petroleum-prices-shahid-khaqan\/\" 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