PML-N demands to rip off petrol price to Rs 50/liter

The Pakistan Muslim League Nawaz (PML-N) demanded to provide relief to the people by fixing petrol price to Rs 50 per liter.

After a party meeting in Islamabad, former prime ministers Shahid Khaqan Abbasi and Khawaja Asif held a media talks with other leaders and demanded a reduction in oil prices.

Shahid Khaqan Abbasi said “Today, there is a need to provide relief to the people as the price of oil  dropped in the international market to a record level”.

Referring to the drop in oil prices globally, he said, “If this relief transfer to the people, it would provide considerable relief to the problems people are facing due to pandemic lockdown.”

“We demand that the price of petrol and diesel be reduced to Rs 50 per liter which is in line with the government’s procedure,” he said.

Shahid Khaqan Abbasi said, “This month’s deals will be at the same price which will provide relief to the people and also reduce inflation.”

” Electricity and gas prices are not half, then at least one-third should be reduced,” he said.

Oil Prices plunged below zero for the first time in history

Referring to the FIR report on Sugar and flour crisis, he said: “The Investigation Commission on Sugar has been formed and we have heard that the NAB has taken notice, but we do not trust the NAB and the FIA ​​as they are not addressing the real issues.”

“The purpose of this commission and the NAB inquiry is only to save Imran Khan, who is actually responsible for the crisis,” he said.

It is to be noted that, US crude oil prices went negative for the first time in history, after which Wall Street saw a sharp trend.

According to reports, the US benchmark West Texas Intermediate (WTI) closed negative at $ 37.63 a barrel for May delivery.

That is, crude oil sellers have been forced to pay the buyer $ 37.63 per barrel of oil, while today is the last day for next month’s deals.

According to experts, the reduction in oil prices in the global market will benefit Pakistan, which could reduce business losses and curb the economic impact due to the Novel coronavirus.