Karachi: Minister for Information, Murtaza Solangi, suggested on Saturday that there may be a reduction in petrol prices during the upcoming review in the next two weeks, citing the significant strengthening of the Pakistani rupee against the US dollar.
Addressing the media at the Karachi Press Club, Minister Solangi expressed optimism about the possibility of lower fuel prices in the forthcoming announcement. He attributed the rupee’s remarkable appreciation of Rs30 to Rs35 against the US dollar to recent administrative actions undertaken by the caretaker government.
Regarding the upcoming elections, Solangi assured that the interim government would fulfill its responsibilities in supporting the Election Commission of Pakistan (ECP) to ensure free, fair, and transparent polls in the country.
The minister also highlighted the government’s efforts to stabilize the country’s economic situation, noting that these measures had recently led to a decrease in the price of the dollar.
It is worth noting that on September 15, the government implemented a substantial increase in petrol and diesel prices, despite earlier promises of providing relief to the public. Petrol prices surged by Rs26.2 per litre, reaching a new price of Rs331.38 per litre, while diesel prices saw an increase of Rs17.34 per litre, resulting in a new price of Rs329.18 per litre.
In the span of just one month, the caretaker government raised petrol prices by Rs58 per litre and diesel prices by Rs56 per litre.