The Ministry of Finance announced a reduction of Rs 4.74 per liter in the price of petrol and Rs 3.86 per liter in the price of diesel late at night, shortly after the prime minister, Shehbaz Sharif, was said to have ordered a massive reduction of Rs15.4 in petrol price on Friday night.

Now the PM Office has retracted the earlier announcement adding to the confusion.

The state broadcaster PTV initially reported Friday night that Prime Minister Shahbaz Sharif had directed the Ministry of Finance to significantly reduce the price of petrol by Rs 15.40 per liter and diesel by Rs 7.90 per liter.

But the actual price reduction was far less than the announcement.

This created the impression that the Petroleum Division had ignored the Prime Minister’s directive and only made a nominal reduction in prices.

The initial post made on the PTV “X” account regarding the Prime Minister’s directive was later deleted.

A new post was then made, clarifying that the “earlier statement mentioned a reduction of Rs 15.4 in petrol price and Rs 7.9 in diesel price, which referred to the reduction in prices last month”. Furthermore, an additional reduction has been made in the prices of LPG (Liquefied Petroleum Gas).

Read more

IMF proposes spike in GST and taxes on salaried class in new budget: sources

No talks with anti-state elements: Dar

Baluchistan govt arrests 2 people for murder of Punjabi laborer’s

The Prime Minister’s Office also deleted the tweet announcing the reduction in petroleum product prices, which stated that the current government’s public-friendly policies had resulted in this reduction.