ISLAMABAD: The prices of diesel will be reduced by at least Rs 17, Federal Petroleum Minister Ghulam Sarwar Khan stated in a press conference on Friday night.
The minister said that the future strategy is to lessen the diesel prices to levels similar to petroleum price.
However, it is unsure to say that the decreased rates will favourably impact fares and other prices related to goods transport.
“Reserves of crude oil and natural gas had been found in Sanghar,” Sarwar informed the media.
The Petroleum Minister also noted that Pakistan’s new leadership will be working to speed up work on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) Pipeline, alternatively known as the Trans-Afghanistan Pipeline.
Also read Petroleum prices to remain constant in August: Interim Finance Ministry
“Plans related to liquefied natural gas (LNG) that were earlier kept hidden from the public will now be disclosed,” he added.
Earlier on August 1, the then-caretaker finance ministry had announced that the prices of petroleum products were to be maintained at existing levels for the month.
